London-based Mike Stewart, JPMorgan??s global head of proprietary trading, and former head of emerging markets, is set to start his own new hedge fund, Whard Stewart, in the second quarter, according to people familiar with his plans.
Top hedge fund managers earned $13bn in 2011 (Fund News)
The top 40 highest-earning hedge fund managers took home a combined $13.2bn, according to a Forbes magazine survey. The top 10 hedge fund managers made more than $200m each, while the lowest earning managers on the list made $40m each.
Man Group reports rise in assets under management (Fund News)
Man Group said client outflows slowed and assets rose in 2012, raising hopes the the world's biggest listed hedge fund manager can finally begin to win back clients after seeing heavy withdrawals in the second half of last year.
Anthony Chiasson, co-founder of Level Global Investors LP, and three other men arrested last month for allegedly participating in a ??criminal club? of inside traders that reaped almost $62m from Dell Inc. shares were indicted by a federal grand jury in Manhattan.