King Street Co-Founder To Take Over Trading Management

Feb 1 2010 | 2:53pm ET

Distressed-debt hedge fund shop King Street Capital Management is losing its head of trading, as its co-founder prepares to retake the helm at the New York-based firm.

Kieran Goodwin will retire from the firm at the end of March, MarketWatch reports. Goodwin spend six years at the hedge fund, overseeing its 24 traders.

King Street, in a letter to investors, said that Brian Higgins, the firm’s co-founder who managed its trading operations for a decade before Goodwin took over, will succeed his successor. Higgins will serve as head of trading and management. He and co-founder O. Francis Biondi will continue to manage the firm’s portfolios.

King Street, which has never had a losing year since it was founded 15 years ago, soared 20% last year.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of