Hedge Funds

Former Exis man Kane starts credit strategy

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Credit specialist Chris Kane, former senior portfolio manager at Tudor Investment, Moore Capital and Exis Capital, has set up K Squared Capital and is ready to roll out his first fund targeting corporate credit opportunities in January.

He has also tapped Mark Lane, formerly head of Deutsche Bank's North American Investment Grade business, as a co-portfolio manager and head of trading. K Squared will be based in New York.

The long/short, event-driven fund focuses on the high yield and distressed, investment grade, leveraged loan and credit derivatives markets. The portfolio will invest 50% of its assets in corporate bonds,