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MKP Capital Management combines discretionary decision making with sophisticated macroeconomic forecasting to build an uncorrelated global macro strategy that can deliver absolute returns across market cycles.

For 20+ years, we have managed capital in our macro strategy on behalf of a global and institutional investor base, offering our clients multiple solutions to suit their specific investment objectives.

Global Footprint

New York, Miami, London, Singapore


Anchored by process.

Anchored by process.

Designed by people.

Our Founder and CIO, Patrick McMahon, maintains a long-held philosophy that understanding the full range of possible outcomes is a pre-requisite for effective global macro investing. This philosophy is embedded in our approach and provides the base for a repeatable and highly disciplined macroeconomic investment process.

Our team of macro experts leverage this process to generate uncorrelated alpha with the highest levels of integrity and transparency.


The knowledge to build with conviction

Our firm is led by Patrick McMahon (CIO) and Richard Lightburn (Deputy CIO), who manage the firm’s core risk allocations. Patrick and Richard are supported by an experienced leadership team with 25+ years’ average industry experience.

  • Patrick McMahon
  • Richard Lightburn
  • Lin Li
  • Michael Hume
  • Michelle Fenton
Patrick McMahon - portraite

Patrick McMahon

Patrick founded MKP in 1995. Under his leadership, the business has grown into a multi-billion-dollar alternative investment firm. He manages the firm’s core risk allocation and has ultimate authority over MKP’s portfolio.

Prior to MKP, he worked at Salomon Brothers (1985 – 1994) as Managing Director of the Fixed Income Capital Markets Division. Patrick serves on the boards of the Els for Autism Foundation and the Each One Counts Foundation. He also serves on the board for Villanova University, from where he graduated with a B.S. in Business Administration.

Richard Lightburn - portraite

Richard Lightburn

Richard joined MKP in 2008 and works closely with Patrick to manage the firm’s core risk allocation. Prior to MKP, he was a Managing Director at HSBC Securities (2005 – 2008) and a Managing Director and Co-Head of the Mortgage Liquid Products trading group at Goldman Sachs (1989 – 2004).

Richard received a B.S. in Mechanical Engineering from the Massachusetts Institute of Technology.

Lin Li - portraite

Lin Li

Lin joined MKP in 2011. She oversees the Risk & Portfolio Analysis function at the firm. Her team actively manages risk, provides real time portfolio analysis, and monitors risk exposures on a day-to-day and long-term basis.

Lin received her Ph.D. from New York University, Courant Institute of Mathematical Science in Applied Math, and a BSc. in Applied Math from the University of Science and Technology of China.

Michael Hume - portraite

Michael Hume

Michael joined MKP in 2016. He oversees the Strategy & Research function at the firm. His team manages the firm’s proprietary research process. Prior to MKP, he worked at the Bank of England (2008 – 2016), where he was Head of the Capital Markets Division, Senior Adviser on International Issues, and Monetary Policy Adviser to the MPC. He also worked at Lehman Brothers (1997 – 2008) as Chief International Economist in New York and Chief European Economist in London.

Michael holds a B.A. in Philosophy, Politics, and Economics from the University of Oxford, and took an M.Sc. in Economics at the University of Warwick. He received his Ph.D. in European Economics and Political Economy from the London School of Economics.

Michelle Fenton - portraite

Michelle Fenton

Michelle joined MKP in 2004. She oversees various functions at the firm including finance & accounting, human resources and office administration, and has played a key role in building out the firm’s operational infrastructure. She joined MKP from JP Morgan Chase (2000 – 2004) where she began her career as a Senior Fund Accountant.

Michelle is a member of the Executive Committee and graduated from Baruch College with a B.B.A. in Finance and Economics.


A place to grow

Mutual respect, natural collaboration and deliberate inclusivity foster a unique depth and diversity of expertise in our business. With empowered talent constantly aligning and innovating around the most challenging macro opportunities, MKP has become a place to build purposeful careers.

Join us
  • 15+ years

    Average IC tenure

  • 15+ years

    Average senior investment team tenure

Contact us

Client Solutions

[email protected]
+1 (212) 303-7100

Media Enquiries

[email protected]
+44 207 952 2000 (24 hours)

New York

600 Lexington Avenue
New York, NY 10022
+1 (212) 303-7100


5 Hanover Square
London W1S 1HQ
+44 20 7747 1700


801 Brickell Avenue
Miami, FL 33131
+1 (212) 303-7100


8 Marina View
Asia Square Tower 1
Singapore 018960
+65 6407 1017