More details are emerging about Ronit Capital, the London-based hedge fund manager being set up by ex-Eton Park Capital Management founding partner Edward Misrahi.

The firm is planning to launch a global emerging markets fund in the second quarter, according to two people familiar with the situation. The fund will likely launch in the region of $300m, one of the people said, with 12 staff employed at launch; roughly half will be on the investment side.