Wednesday, 1 October 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...