In 1995, Eric Keiter founded a little hedge fund called MKP Capital Management. Eleven years later, the firm’s middle initial left to take a few years off, and in his absence MKP grew to manage some $24 billion.
Still, you can’t keep an entrepreneur down for long, so Keiter took all of his global macro fixed-income expertise and started… a livery-cab leasing company.
Now, however, Keiter appears to have tired of the black-car biz. Perhaps doesn’t like lime green. Perhaps he’s afraid of what mayor-elect-elect Che de Blasio plans to do with the TLC. Perhaps he’s just got the investing bug again. Whatever it is, he’s back with an unfortunately-named new closed-end fund shop, Shadow Tree Capital. Read more »