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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...