MKP Funds Post July Gains

Aug 8 2012 | 6:37am ET

Hedge funds generally did well in July and MKP Capital Management’s were no exception.

The investment manager’s global macro fund, the MKP Opportunity Fund, was up 1.34% on the month, bringing its YTD gains to 4.66%. The $2.3 billion vehicle is managed by MKP founder and CEO Patrick McMahon.

The firm’s $1.9 billion structured credit strategy, MKP Credit, managed by Anthony Lembke, was up 2.75% in July, bringing its YTD gains to 6.5%, a source familiar with the returns told FINalternatives.

MKP, with $4.9 billion in assets under management, is based in New York and has an office in London.

 


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