King Street Capital Gains On Lehman Debt; Warns Of Long Overdue Credit Cycle – ValueWalk Premium

King Street Capital Gains On Lehman Debt; Warns Of Long Overdue Credit Cycle

King Street Capital Management, the large and notoriously secretive credit hedge fund founded in 1995 by Brian J. Higgins and Francis Biondi Jr. produced unaudited gross returns for the second quarter and first half of 2016 of 1.46% and 1.4% respectively.

According to the fund’s August 2nd second quarter letter to investors, a copy of which has been reviewed by ValueWalk, King Street’s first half profits were driven by gains in energy and power investments as well as the fund’s investment in Lehman Brother’s debt and structured credit,

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