Saturday, 28 March 2015
Last updated 10 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…