King Street Capital Management is a global investment management

Investment management

Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...

 company founded in 1995. King Street Capital Management manages approximately $20 billion and is ranked joint 13th as the largest hedge fund in the world with Avenue Capital Group

Avenue Capital Group

Avenue Capital Group is an American investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equity firm and as a hedge fund...

. Investments include public equity and fixed income

Fixed income

Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....

 markets globally with a focus in distressed companies, equity, bonds, foreign exchange

Foreign exchange market

The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...

, warrants, and options.

The founders are Brian J. Higgins, and Francis Biondi Jr.