A former senior investment manager at one of hedge fund GLG’s merger arbitrage and credit funds, Georges Gedeon, has set up his own hedge fund, Mereor Investments, in Paris.

Mr Gedeon left London-based GLG in March this year, having worked at the firm since 2002, for several years under the tutelage of Philippe Jabre - one of GLG’s star traders who was fined along with the hedge fund group £750,000 by the FSA in 2006 and then moved to Switzerland to set up a fund.