The co-head of fixed income at investment bank Keefe Bruyette & Woods is joining two other investment banking veterans to form a new hedge fund operation.
Kevin Meenan, Kevin Mirabile and Thomas Sternfield are debuting their Orca Asset Management with the launch of a credit arbitrage fund on April 1. They plan to roll out long/short equity and distressed funds in 2008.
Meenan, who will serve as chief executive and chief investment officer at the new Greenwich, Conn., firm, is leaving KBW concurrent with the launch.
Mirabile, who will serve as chief operating officer, left UBS's prime brokerage