Pine River fixed income manager Steve Kuhn leaving hedge fund

Reuters reported on April 5, 2016 that Steve Kuhn, a senior fixed income manager at Pine River Capital Management, is leaving the hedge fund industry. Kuhn explained his departure in an interview with Stephanie Ruhle of Bloomberg Television, saying he intends to devote more of his time to philanthropy. He described the move as a search for "the narrow gate," a phrase he used in that interview.

Kuhn led Pine River's fixed income business. He served as head of fixed income trading and lead portfolio manager for the Pine River Fixed Income Fund, and he also co-managed the firm's portfolios as Co-CIO. He joined Pine River in 2008, and the firm, then based in Minnetonka, Minnesota, managed roughly $14 billion at the time. His tenure at the firm spanned about eight years before his departure.

Reporting available at the time focused on Kuhn's personal decision and his stated reasons for leaving. Details on the fund's future, any transition of his portfolios, and the timing of his exit were not available in the sources reviewed for this summary.

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