Transition from KG Funds to 14B Capital Management

14B Capital Management arose from the predecessor, KG Funds, following a split between the founders due to differing trajectories in their careers. The decision to rename and establish a new management company allowed the continuity of operations, while Ilya Zaitis retained responsibility for the hedge fund's strategy and track record. This transition illustrated the delicate nature of partnerships within the hedge fund industry, where personal relationships can shift unexpectedly, resulting in significant operational changes. The retention of a core team during this transition highlighted the importance of trust and established relationships in maintaining investor confidence.