By Stephen Taub
While hedge fund managers are famous for their secrecy, the
founders of King Street Capital Management have set a new
standard for reticence.
The firm's founders, Ottavio Francis Biondi Jr. and Brian
Higgins, have rarely appeared in the press since they launched
their global long-short credit and event-driven firm in New
York in 1995. The firm, which managed $18.5 billion as of
December 1, has never conducted an investor day, an
increasingly common practice for hedge funds in which the
founders meet with a big group of investors. And several King
Street investors contacted for this story say they have never
met both founders - only a few have met with even one of them.
Though investors say King Street's investor relations team -
which they rate highly - has stocked the firm's secure web site
with detailed information, Biondi and Higgins prefer...