Former King Street head trader Goodwin said to plan hedge fund
From Bloomberg/SFGate.com: Kieran Goodwin, the former head trader at King Street Capital Management LP, plans to start a credit hedge fund in the fourth quarter, according to a person familiar with the matter. Panning Capital Management LP, Goodwin’s New York-based firm, will begin trading in mid-October with bets on and against securities from loans to distressed assets, said the person, who asked not to be named because the information is private. Goodwin declined to comment.
Goodwin, 42, quit King Street in 2010 after six years with the New York-based hedge fund, where he oversaw its team of 20 traders. He had previously worked at UBS Warburg as a director of proprietary trading, and at Merrill Lynch & Co. and Salomon Brothers… Full article: Source
Nomura Permal Alpha Japan Neutral Fund launched on UCITS platform
Nomura, the global investment bank, and Permal Group, one of the most experienced and established hedge fund investors, have announced the launch of the Nomura Permal Alpha Japan Neutral Fund, a UCITS-compliant Japanese equity market neutral fund. Managed by Seven Seas, the Fund launched on 8 June and is designed to generate absolute returns with low correlation to major Japanese equity markets, through fundamental research and bottom ......................
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