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March 06, 2019  

Stark Still Unwinding Financial-Crisis Assets

Six years after it began winding down, Stark Investments has hired an affiliate of PricewaterhouseCoopers to finish selling illiquid assets the fund operator has been trying to unload since the global financial crisis.Stark, a multi-strategy manager that once ranked among the world’s largest hedge fund firms, has been grappling with portfolios of illiquid assets since early 2009, when it restructured its flagship Stark Investments fund and...

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