MKP Plans London Credit Desk

Dec 6 2011 | 12:27pm ET

Seven months after setting up shop in London, MKP Capital Management is expanding the office to take advantage of the European credit crisis.

The New York-based hedge fund will hire a credit team to operate out of the British capital. Partner Steven Jeraci will move across the Atlantic to build and direct the new team, MKP said.

"Considering Europe's influence on markets globally, plus the risks and rewards being created by the transformation of the European financial system, MKP's investors will clearly benefit from an expansion of our European credit presence," CEO Patrick McMahon said. "A credit team in London will naturally complement our existing macro and credit teams by providing on-the-ground intelligence and surveillance."

The new team will be up-and-running by the end of next year.

MKP has some $4.5 billion in assets under management, including $2.5 billion in its Credit Fund. Earlier this year, the firm added a macro trader to its London office.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note