Deephaven's Salet Launches First Hedge Fund

Jul 20 2011 | 1:12pm ET

Apson Capital, the London-based firm founded by former Deephaven Capital Management portfolio manager Edouard Salet, has launched its maiden hedge fund.

The global long/short equity fund debuted on July 5, reports. The fund was seeded by an unidentified U.S. investor.

Salet plans to employ a top-down macro-driven investment process with the new fund, which will focus on derivatives investments. Apson features former BNP Paribas equity flow sales chief Daniel Goldstein as CEO and former Goldman Sachs proprietary trader Boris Pilichowski as co-portfolio manager.

Salet was a convertible arbitrage manager at Gartmore Group before joining Deephaven, which was sold to Stark Investments in 2009.

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