Most people are familiar with Harbinger's woes by now, with the SEC charges and all.
Still can anyone tell me what happened to Stark Investments? This venerable Milwaukee based shop used to have one of the largest current AUM among hedge funds but has been bleeding capital rapidly and appears to be in a free fall. The firm now manages less than $1 B, having at one point had more than $14 B under management.
They were hurt badly during the downturn then suffered an exodus of partners.
They just had to shut down their flagship multi-strategy fund, among other funds. I wonder how all of these affect their head counts.