Saturday, 27 December 2014
Last updated 2 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.