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‘Not Fun Any More,’ Says Ex-BofA Prop Trader Shutting Hedge Fund

  • Srinivas Dhulipala to shut Kildonan Castle Asset Management
  • Hedge funds should run credit bets very differently, he says

Srinivas Dhulipala helped Bank of America Corp. wager its own money on credit through the global financial crisis. Before that, he handled complex trades at Morgan Stanley, focusing on risky Latin American debt.

But the pain of running a modern credit hedge fund is enough to lead him to close up his shop, Kildonan Castle Asset Management, and pay out its capital to clients.