Sunday, 21 December 2014
Last updated 6 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.
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.