Former JPMorgan and UBS Bankers Plan to Start London Hedge Fund

JPMorgan Chase & Co.’s former global head of equity finance and three other bankers have started a London hedge-fund firm, as they try to profit from Europe’s economic recovery.

Andrea Angelone, who spent 20 years at JPMorgan, and Amit Jain, previously an equity derivatives trader for the New York-based bank, both left last year to start a hedge fund with Simone Russo, a former Goldman Sachs Group Inc. managing director, and Guido Miani, previously a fixed-income trader at UBS AG. The firm, Amagis Capital Ltd., will invest in companies pursuing acquisitions, share buybacks and other transactions, hoping to benefit from an increase in corporate activity as Europe’s sovereign debt-crisis fades.