Hedge Fund of the Year - Stark Investments

Risk Awards 2008


In 2007, investors in the US credit markets were rudely awakened from a consensual hallucination. A seemingly insatiable demand for structured credit from banks, hedge funds and institutional investors had driven spreads tighter and tighter, forcing them to record lows in the early part of the year. That all changed in July, after soaring delinquencies in the US subprime mortgage market caused the rating agencies to downgrade hundreds of residential mortgage-backed securities and collateralised

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