Early Life and Education
O. Francis Biondi was born in the United States and is currently 61 years old. He holds a Bachelor of Arts/Science degree from Yale University and a Master of Business Administration from Harvard Business School.
Rise to Success
Biondi co-founded King Street Capital Management in 1995 with Brian Higgins. The hedge fund, specializing in out-of-favor investments, currently oversees over $25 billion in assets. Biondi retired from King Street in 2020 but retained his ownership stake. Prior to his venture with King Street, Biondi began his career in finance, setting the foundation for his later successes.
Key Business Strategies
King Street Capital Management's success is attributed to its ability to identify credit opportunities across various asset classes. The firm's focus on out-of-favor investments has contributed to its substantial gains for investors over the years. The firm has made $18.7 billion in net gains for investors since it started. Biondi's experience in the financial sector and his strategic decisions have played a significant role in the company's performance.
Philanthropy
Biondi and Higgins also run the King Street Charitable Trust, whose grant recipients include his alma mater Yale, Memorial Sloan Kettering and others.