Co-founder, with O. Francis Biondi, of King Street Capital Management in 1995, a distressed-debt fund that racked up a solid performance through the financial crisis but posted small losses for investors in 2015 amid a tough environment for hedge funds. Villanova U. grad met Yale- and Harvard-educated Biondi working on First Boston's high-yield desk in the late 1980s. Publicity-shy fund manager's wife Tania a staple in the society pages. Charity he and Biondi run has ballooned to more than $90 million in assets with big recent gifts to a Harlem youth program and $1 million to Higgins' alma mater Villanova.