MKP expands credit operations


Credit specialist MKP Capital Management is expanding its global investment team with the hire of three senior fixed-income professionals from investment banks. The firm also merged its two credit funds on June 1.

“These additions highlight MKP’s optimism about investment opportunities across the global markets,” said Tony Lembke, managing member and co-chief investment officer for MKP. “We’ve already benefited from their insights.”

Steven Gordon joins MKP as a managing director and portfolio manager for the firm’s investments in commercial mortgage-backed securities. Gordon was most recently responsible for CMBS credit and derivatives trading at Bear Stearns, where he spent 10 years.