King Street Capital?

Has anyone heard of King Street Capital? If so, any idea of their size? How many employees? What is the culture like? Etc...

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Comments (15)

Aug 12, 2009

No one, really?

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Aug 21, 2009

They are a large fund (around 8bn under management), around 200 employees including back office. I had an interview there, they seem like decent people, focus on fixed income

Aug 25, 2009
CashCow:

They are a large fund (around 8bn under management), around 200 employees including back office. I had an interview there, they seem like decent people, focus on fixed income

Thanks

Aug 25, 2009

lol, you basically said you want information on King St but you are not willing to give any...
not a good bargain for anybody on the other side.

Aug 25, 2009

The public information I found is that they have $19.16 billion in AUM as reported to the SEC on 09/30/2013, which is up from $7.6 billion in 2006. They operate primarily in distressed equity and debt. As publicly reported, equity returns were 40-50% in 2012 and 2013 each. In 2013 their credit fund returned 11.5%.

Aug 25, 2009

If you are really that concerned about privacy this whole post is probably a bad idea and I would advise taking it down.

Aug 25, 2009

Good point. I'll edit the post.

Aug 25, 2009

According to this the flagship fund was started 12/31/96, has $11.4bn in assets, was up 11.14% in 2013, 12.52% in 2012, -1.62% in 2011, and has done 11.11% annualized since inception with a standard deviation of 4.07%. The 4% std is probably what gives an institutions a hard-on and explains all of the assets for 11% return.

http://www.zerohedge.com/news/2013-12-31/best-and-...

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Aug 25, 2009

SEC filing says it has 157 employees of which 55 perform investment adivsory functions. Glassdoor.com reports that 2 research analysts averaged $133,500 of base comp + bonus.

SEC filings indicate that in 2013 King Street made substantial investments in Bank of America, Citigroup, and AIG. Of 8,000 hedge funds it is top 20 in size.

Organization is known for its secrecy.

Interested if anyone has interviewed with the organization or knows anyone who has worked there. Wondering what the culture is like, if it is well respected firm other than being large.

Aug 25, 2009

Anybody out there ever been through the process? Thanks

Aug 25, 2009

What position are you interviewing for?

I had an interview for a trading position a year or so ago. 1st round was with HR going through your resume. 2nd round was very informal.

They are a fixed income focused hedge fund with a couple hundred employees. They also rescheduled the interview a bunch of times and took a very long time to get back to me - culture doesn't seem that great.

Aug 25, 2009