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US-based MKP to expand Europe operation with credit hires


MKP Capital Management, the $4.5 billion US-based global macro and structured credit hedge fund group that opened an office in London this year, is expanding its European operation with plans to hire a new credit team focusing on debt opportunities in Europe.

Steven Jeraci, a partner of the New York-based firm, is moving to London to build and direct the new credit-focused team – which MKP expects to have in place by the end of next year.

“Considering Europe’s influence on markets globally, plus the risks and rewards being created by the transformation of the European financial system,