Friday, 29 May 2015
Last updated 6 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…