Wednesday, 17 December 2014
Last updated 12 hours ago
Feb 1 2010 | 1:53pm 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.