Ex-King Street Trading Chief Launches $500M Hedge Fund

Nov 15 2012 | 12:39pm ET

King Street Capital Management's former head trader has launched his maiden hedge fund with $500 million.

New York-based Panning Capital Management, founded by Kieran Goodwin, began trading on Nov. 1, Bloomberg News reports. Having hit its initial capacity already, the credit hedge fund is currently closed to new investors, but is expected to reopen in the second quarter of next year.

Panning is a long/short fund investing in loans, distressed assets and other credit instruments. The firm already boasts Talisker Capital Management and Archeaus Capital Management founding partner Bill Kelly as chief operating officer, former King Streeter Jason Vivas as senior trader, former Royal Bank of Scotland U.S. credit trading head Sean Murdock as a senior credit analyst and Sabretooth Capital founder Craig Perry, also a senior credit analyst.

Goodwin left King Street two years ago.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of