A partner and senior member of the investment team at TPG-Axon Capital Management, a New York-based hedge fund set up by former Goldman Sachs partner Dinakar Singh, is leaving the firm’s London office to return to his native Norway and launch a new hedge fund, Financial News has learnt.

Svein Hogset - who joined TPG-Axon in 2010 when it acquired Montrica Investment Management, the hedge fund firm he set up 2006 - is moving to Oslo in the new year for family reasons. He plans to launch a concentrated long/short equity fund focusing on mid-cap European stocks across all sectors, according to a person familiar with the situation. The departure is amicable, the person said.