Michael Farmers Red Kite, which once dominated global copper markets, is being overhauled, according to filings at Companies House.
RK Capital Management LLP, the management company that runs the Red Kite funds, is in the process of a restructuring review which may impact its activity in future years, the January filing said.
The process is still ongoing and its not clear what its conclusions will be, according to a person close to the fund. Red Kite co-founder David Lilley is also setting up his own fund, called Drakewood Capital Management, filings show.
In the past year Red Kite has moved away from trading physical copper towards mine finance and mi…
Read the full article at: https://www.ft.com/content/ee59187e-3c53-3c7a-a291-cb4a6512d76f