J.P. Morgan heavyweights have been hiring for new hedge fund

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Two former J.P. Morgan managing directors have quietly been building a team for a newly-launched hedge fund that has just been given the go-ahead by the UK financial regulator.

George Polychronopoulos, previously managing director in J.P. Morgan’s chief investment office and John Bradley, a long-serving senior trader at the bank, have launched Element Capital Partners along with a number of other senior bankers.

Robert Noveski, a former volatility arbitrage trader at Credit Suisse, works as a portfolio management at Element Capital. As does Dimitry Korunsky, a former global interest rates trader at Citadel Investments. Pär Wiklund also joins as a partner, while former CQS analyst Chris Dawson has signed up in a similar role.

Polychronopoulos has been involved with element since his departure from J.P. Morgan in June last year.

He joined the bank in 2009 from hedge fund Endeavour Capital, where he was principal for over six years. Polychronopoulos previously headed up interest rate trading at Bear Stearns in London.

In theory, it’s a shaky time to be launching a hedge fund in London, particularly after the UK’s vote to leave the EU. However, in the past few months some senior former banking traders have launched their own funds including Karim Bennani, the former head of Goldman Sachs’ Advanced Investment Strategies division who launched Quantum Investing and the former head of structured credit trading at Credit Agricole, Sofiane Gharred, who launched Selwood Asset Management.

Photo: 3DSculptor/Getty Images

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