Friday, 28 November 2014
Last updated 11 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...