Mar 30, 2026
Kieran Goodwin is a Partner at Saba Capital, a $6 billion hedge
fund manager that seeks to identify dislocations in credit and
equity markets to generate convex returns in volatile times. Kieran
has been one of the top credit traders on the Street for the last
three decades across roles at investment banks in the ‘90s and
early 00’s, King Street, his own hedge fund, Panning Capital, and
most recently, Saba that he joined in 2024.
Our conversation covers a tour of Kieran’s background,
including early experience with credit derivatives, growth at King
Street, lifespan of Panning, downtime between stints, and
re-engagement with Boaz Weinstein at Saba. We then turn to risks in
the private credit market, including its rapid growth,
asset-liability mismatches, pricing marks, leverage, liquidity,
default risk, and the potential for reflexive problems. Kieran
shares how managers should navigate the environment and how he is
positioning Saba to benefit.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)