Robert Kepler and Michael Stivala, former executives of MKP Capital, have launched a managed futures manager, HFMWeek reports. The duo is also seeking to roll out a third strategy by the end of this month.

The new strategy will be FX-only and operate in 16 different currency pairs. Earlier in 2011, the pair formed New Jersey-based Lenapi Advisors and has launched two other strategies since mid-April.

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