Kite Lake reportedly plans a Q4 Diversified Credit Fund, combining liquid global credit and convertible arbitrage under Damien Regnier, who joined in May from Tyrus. Hedgeweek's October 7 report attributes the news to Bloomberg; this remains a planned launch.
The interesting organizational move is placing broader liquid-credit exposure beside the firm's event-driven, near-term catalyst expertise. A manager's existing expertise and the new fund's advertised scope establish the direction of expansion, not its future returns. No verified fund size, fees or capacity were disclosed in the inspected reporting.