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Hedge Fund Startups in London Revive With Ex-Ziff, TPG Managers

Former managers at Millennium Management LLC, Ziff Brothers Investments LLC, Carlyle Group LP and TPG-Axon Capital Management LP are starting hedge funds, leading a recovery in capital raising in London.

Several funds each already have more than $100 million in assets lined up, five people with knowledge of the matter said. While fundraising still trails the pre-crisis boom, the pickup shows growing confidence in Europe, where firms were losing top traders to U.S. funds as recently as last year.