Hedge Funds People Moves

Surging Pine River hires business development chief


New partner Richard Knight was head of investor relations at King Street.

 Photo: LinkedIn

The speedy growth of Pine River Capital Management, a $4.4 billion hedge fund headquartered in Minnetonka, Minn., has prompted the firm to hire a senior executive for business development.

Richard Knight joined Pine River’s New York office in April from $19.9 billion King Street, where he was managing director for investor relations, leading business development and client service from June 2006 to March 2011.

Pine River was managing $3.03 billion on January 1, which already represented an increase of more than 126% over the previous year. The firm grew by more than 44%