King Street Capital Gains On Lehman Debt; Warns Of Long Overdue Credit CycleRupert Hargreaves
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, exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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