Wednesday, 4 March 2015
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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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…