Saturday, 25 April 2015
Last updated 18 hours ago
Jun 22 2012 | 12:36pm ET
King Street Capital Management's former head trader will go into business for himself later this year.
Kieran Goodwin has founded Panning Capital Management in New York. The firm's maiden hedge fund, a credit vehicle, is expected to debut in the middle of October, opening to investors in November.
Panning will have an initial capacity of $500 million.
The new fund will have a long/short portfolio of loans, distressed assets and other credit instruments, Bloomberg News reports. And Goodwin plans to have a team of eight at the ready by then.
Already, he's hired Talisker Capital Management and Archeus Capital Management founding partner Bill Kelly as chief operating officer. He's also brought on Jason Vivas from King Street as senior trader, and hired Sean Murdock and Craig Perry as senior credit analysts. Murdock was head of U.S. credit trading at the Royal Bank of Scotland Group, while Perry ran his own hedge fund, Sabretooth Capital, until earlier this year.
Goodwin left King Street two years ago.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…