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Lessons Learned: Stephen King

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Stephen King started his career in finance at Bankers Trust in 1997 as a computer scientist with a business degree. He worked on structured credit transactions when credit derivatives were just being invented. In 2005, King joined Barclays' structured credit group, where he managed a CDO (collateralized debt obligation) correlation desk that was different from standard dealer CDO units. In 2009, he launched C12 Capital Management to relieve Barclays of distressed subprime positions. Presently, King finances and builds luxury hotels as founder and CEO of Sardis Developments. This Lessons Learned summary is based on an interview with King.

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  • Kasoff, Steven, 2022. "Lessons Learned: Stephen King," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(1), pages 425-428, April.
    • Handle: RePEc:ysm:ypfsfc:411616
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1272&context=journal-of-financial-crises
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    Keywords

    C12 Capital Management; collateralized debt obligations (CDOs); CDO correlation desk; credit derivatives; delta hedging; Global Financial Crisis (GFC); residental mortgage-backed securities; structured credit; subprime CDO; Wall Street;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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