Red Kite founder Lewnowski quits to spin out $1.1bn mining fund

Oskar Lewnowski, a founding partner of Red Kite, has resigned from the company and spun out one of the trader and hedge fund’s two mine finance vehicles.

Following a mutual management decision to separate the mine finance business, the $1.14 billion RK Mine Finance Fund II will be run by Lewnowski and a team of former Red Kite partners, as the Orion Mine Finance fund. The RK Mine Finance Fund I will continue to be managed by David Lilley, Michael Farmer and Harry Tefoglou, while Grant Gilmour and Paul Coughlan will join the fund’s investment committee, a spokesman for Red Kite said. “In reviewing their strategic plans, they concluded that they would be most effective in pursuing their respective visions for each business and...

Published

Mark Burton

September 20, 2013

11:29 GMT

London