Sunday, 21 September 2014
Last updated 1 day ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.