Two former JP Morgan traders are to open a $500m (€390m) hedge fund this summer, according to market sources.

Gurdarshan Dhillon, former head of the US bank's international equity-linked trading operation in London, and Faisal Hayat, a trader in the same team, have left to start the fund, with three New York-based bankers.

Former JP Morgan traders open $500m hedge fund

Harry Wilson

JP Morgan

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