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Kris Devasabai
Editor-in-chief, Risk.net
Kris Devasabai is the New York-based editor-in chief of Risk.net. Previously, he was bureau chief and US editor of Risk magazine. He manages the editorial team. Prior to joining Risk, Kris covered hedge funds, asset management, cross-border investing and law for several publications.
Kris holds a bachelor’s degree in law and government from the University of Manchester, and he completed his legal training at the Inns of Court School of Law in London. He was called to the bar of England and Wales in 2003.
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Articles by Kris Devasabai
Armistice Capital Fund: Armistice Capital
Armistice Capital, named best new hedge fund at the Americas Awards 2013, has posted sizzling returns by investing in under-followed and misunderstood companies
Hildene Opportunities Fund: Hildene Capital Management
Brett Jefferson’s Hildene Capital Management has made a killing investing in beaten-down assets. His fund is the winner of hedge fund of the year and best distressed hedge fund, Americas Awards 2013
KSA Capital Partners: KSA MidOcean
Winner of best long/short equity hedge fund at the Americas Awards 2013, KSA Capital Partners finds value through domain expertise and emphasis on bottom-up research
BlueMountain Credit Alternatives Fund: BlueMountain Capital Management
BlueMountain Capital Management, winner of best arbitrage fund in the Americas Awards 2013, pulled off some of the most high-profile credit trades of 2012
Prosiris Global Opportunities Fund: Prosiris Capital Management
Prosiris Capital Management, named the best emerging hedge fund manager at the Americas Awards 2013, has made strong returns investing in credit assets that were overlooked by its peers
Gapstow Opportunity Fund: Gapstow Capital Partners
Winner of the best specialist fund of hedge funds over one year at the Americas Awards 2013, Gapstow Opportunity Fund seeks exposure to a broad range of non-traditional credit opportunities
400 Capital Credit Opportunities Fund: 400 Capital Management
The 400 Capital Credit Opportunities Fund, named the best fixed income/credit hedge fund at the Americas Awards 2013, made money from the 2012 rally in subprime mortgage securities
Tree Capital Equity Fund II: Tree Capital
Tree Capital, winner of best overall Latin American hedge fund at the Americas Awards 2013, takes a pan-regional approach to investing in Latin America
SEC lifts hedge fund ad ban amid some uncertainty
The Securities and Exchange Commission has voted to adopt the Jobs Act rules on advertising private offerings but hedge funds will have to jump through regulatory hoops to take advantage of the change
Quants tackle hedge fund operational risk
Operational due diligence is considered more art than science but efforts to measure operational risk systematically are gaining traction with the development of quant models and scoring systems
Hedge funds escape Japan rout with minor losses
Global macro hedge funds show no signs of bailing out of the ‘Abe trade’ after weathering the sudden reversal in Japan. Global macro and managed futures funds lost on average 0.6% on the day
FoHFs begin recovery
Growth in separate accounts and advisory mandates has helped offset outflows from commingled vehicles, but FoHFs revenues are still under pressure, a BNY Mellon/Casey Quirk survey shows
HSBC preps international prime finance service
HSBC's plans to establish a global prime services platform will culminate with the launch of a full international prime finance service for US hedge funds in 2014
Japan trade captivates macro hedge funds
Top hedge fund managers at the Salt conference in Las Vegas are brimming with enthusiasm for Japanese equities as Abeconomics helps weaken the yen and boost economic growth
Hedge funds expect more alpha in mortgage trades
Despite a spectacular run-up in prices since 2010, US residential mortgages continue to offer strong opportunities for hedge funds. Investors should continue to see gains throughout 2013
Paulson touts merger, credit returns as gold bet turns sour
John Paulson gets back to his roots as an event driven investor and finds profits in mergers and restructurings in the first quarter while his big bet on gold as a hedge against inflation fails to win
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
Cayman corporate governance reforms face legal challenge
Efforts to enhance the corporate governance framework for hedge funds in the Cayman Islands have run into opposition from local fund directors, who take issue with the regulator’s plans to create a public directors’ database
Hedge fund Mariner navigates turbulent markets
With bond yields at historic lows, hedge fund Mariner Investment Group makes the case for non-traditional lending and trading-oriented fixed income strategies
CTAs eye swap futures
The emergence of listed swaps and other esoteric futures contracts has piqued the interest of CTAs that are looking to increase diversification in programs by adding new markets
Hedge fund valuation practices under scrutiny
Under pressure from regulators and investors, hedge funds are establishing robust pricing policies for hard-to-value assets.Rubber stamping the manager's pricing model is no longer acceptable
Hedge Funds Review Americas Awards 2013 open for entries
Hedge Funds Review is now accepting entries for the Americas Awards 2013. These awards recognise the top-performing hedge funds and funds of hedge funds in the US, Canada and Latin America
Frontier hedge fund investors eye Iraq
A slate of telecoms IPOs and efforts to modernise banking regulations have some frontier market hedge funds enthused about prospects for Iraqi equities as institutional investors sit on the sidelines
Mariner picks ex-BlackRock rates head for macro strategy
Eric Pellicciaro, the former head of global rates investments at BlackRock, will manage a global macro portfolio for Mariner’s newly launched incubation fund