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Star hedgie takes home over $85m

Hedge Fund

Star hedge fund manager Sir Chris Hohn has taken home £57m ($85.2m) after delivering the best set of profits at his hedge fund since the start of the financial crisis.

People News: KBW, Citi, Deutsche Bank

For hire hiring

Keefe, Bruyette & Woods, the investment bank purchased by Stifel Financial, has hired Neil Chawhan from Bank of America’s Merrill Lynch to work on insurance deals as consolidation accelerates in the industry.

RBS sell-off defended

RBS building

British lawmakers challenged public officials on Thursday over whether they had allowed more than $3.1bn of government shares in Royal Bank of Scotland to be sold too cheaply last month.