Transitioning from KG Funds to 14B Capital Management

The founder of 14B Capital Management, Ilya Zaitis, transitioned from his previous hedge fund, KG Funds, due to a split with his former partner, who opted to exit the business. This situation highlighted the complexities of partnerships within hedge funds, which can often lead to unexpected breakups despite initial camaraderie. Zaitis took the mantle of the hedge fund, retaining the strategy and track record while establishing a new management company. He emphasized the delicate balance required in maintaining personnel as the majority of the team migrated with him to ensure operational continuity.