As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 13 hours 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.