King Street Rises After First Losing Year

Mar 9 2012 | 11:01am ET

King Street Capital Management suffered its first-ever loss last year. It's trying to make sure that 2012 doesn't produce its second.

The New York-based hedge fund said its Europe fund rose between 1.2% and 1.25% last month, Dow Jones Newswires reports. King Street Europe is up between 3.67% and 3.75% for the first two months of the year.

In its letter to investors, King Street did not elaborate on its winnings this year. The fund lost between 3.93% and 4.41% last year.

King Street has about $18.5 billion in assets under management.

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