The Billion Dollar Interview:
Steve Kuhn, Fund Manager of Nisswa Fixed Income Fund
Mr Kuhn is the lead Portfolio Manager for the Nisswa Fixed Income Fund. Prior to joining Pine River, Steve was a Portfolio Manager at Goldman Sachs Asset Management based in New York and Beijing, where he was part of a team that managed mortgage-backed securities. Steve received a Bachelor of Arts in Economics with honours from Harvard University.
Founded in 2002, Pine River Capital Management manages over US$4 billion in assets, over a number of funds. The firm is comprised of 121 staff, which includes 42 investment professionals. Pine River has offices in Minnetonka, London, Hong Kong, New York and San Francisco.
The Nisswa Fixed Income Fund's objective is to profit from pricing inefficiencies by dynamically allocating to various sectors of the residential mortgage market, within a relative value framework. The fund invests in agency and non-agency mortgages, including derivatives. The focus is to capitalise on pricing discrepancies in these sectors, including active portfolio monitoring and trading. The Nisswa Fixed Income Fund was fourth (ranked by return) in Eurekahedge's Top Performing Billion Dollar Hedge Funds by 2010 Returns table, as featured in the January 2011 edition of The Eurekahedge Report.