Ex-Goldman Prop. Trading Chief Launches Marketing Effort For New Fund

Jun 11 2010 | 12:36pm ET

Fundraising has begun for what is expected to be one of the largest hedge fund launches of the year.

Pierre-Henri Flamand, the former head of Goldman Sachs’ largest proprietary trading desk, has started meeting with investors in the U.S. and Britain in advance of the November launch of his hedge fund, Edoma Partners. The new fund, which has the backing of Flamand’s former employers, could raise more than $1 billion.

The global event-driven fund is set to launch on Nov. 1, The Wall Street Journal reports. Flamand is in the process of registering his new London-based Edoma Capital with regulators and has been actively recruiting. The firm has already hired seven people, including some other Goldman veterans, and plans to have a team of 20 in place before launch.

Among the notable names working at Edoma are Ali Hedayat and Emmanuel Niogret, who worked under Flamand at Goldman Sachs Principal Strategies before his departure last month, and Martina Slowey, the former UBS prime brokerage chief who will serve as chief operating officer of the new firm.

Edoma will charge 2% for management and 20% for performance, with discounts for those investors willing to accept a two-year lockup. The fund will feature quarterly liquidity.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.