Edoma Essentially Flat In First Quarter

Apr 15 2011 | 1:56pm ET

Edoma Partners' first full quarter in business was quite a forgettable one.

Literally: The hedge fund, which debuted late last year, did essentially nothing from January through March, rising just 0.2%, Bloomberg News reports. The average hedge fund is up about 1.5% on the year.

Edoma, founded by former Goldman Sachs proprietary trading chief Pierre-Henri Flamand, is one of the largest hedge fund launches since the start of the financial crisis. The fund raised $2 billion from investors before closing to new investors almost immediately.

London-based Edoma is one of at least four new hedge funds launched in recent months by Goldman prop. trading veterans.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note