Minnesota-based Pine River Moves Deep in the Heart of Texas

The firm’s Steve Kuhn, who manages its high-performing Pine River Fixed Income Fund, will relocate to Texas, a move that grants the firm access to the Lone Star State’s network of hedge fund investors but also delivers tax benefits.

Pine River Capital Management, the $11 billion credit-focused hedge-fund firm that got its start in a Minnesota cabin, is expanding into the Lone Star State in January, and one of its top portfolio managers will be based there.

Steve Kuhn, who heads up Pine River’s head of fixed income trading and is the portfolio manager for the firm’s high-performing Pine River Fixed Income Master Fund, will relocate from the firm’s New York offices and will split his time between Austin and New York.

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