Wednesday, 2 December 2015
Last updated 6 hours ago
Oct 22 2012 | 1:57pm ET
A pair of banking veterans will ring in the new year with a new high-yield hedge fund.
K.C. Baer and Christopher Yanney, who have worked together on-and-off for the past 15 years at NationsBank, Bank of America and Citigroup, and who both at one time led U.S. high-yield trading at Barclays, founded CKC Capital in New York. The two hope to raise $250 million for a January launch, Bloomberg News reports.
"It was a good opportunity for us, timing-wise, and something we always wanted to do," Baer told Bloomberg. "We have been through several market cycles together, which we think is a benefit."
The two most recently worked together at Citi, where Yanney was head of high-yield bond and credit-default swap trading, and Baer was a senior trader.
CKC will invest in credit opportunities, with high-yield and distressed debt among its focuses.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…