King Street’s Revival

The credit-driven multistrategy firm has heavily expanded beyond its hedge fund roots.

Victor J. Blue/Bloomberg

Victor J. Blue/Bloomberg

King Street Capital Management is enjoying a renaissance of sorts as it undergoes a transformation.

The credit-driven multistrategy firm, which intentionally operated under the radar for many years, posted a 14.7 percent gain in its flagship fund in 2021, its best performance since 2009 and its second straight double-digit gain.

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