Thursday, 2 October 2014
Last updated 1 hour ago
Oct 18 2012 | 8:26am ET
Former Goldman Sachs trader Pierre-Henri Flamand's hedge fund has lost money and now he's about to lose partners.
Oliver Haslam and Casper Lund will leave Edoma Partners, according to a note to clients viewed by Bloomberg News.
The event-driven hedge fund, founded by Flamand in 2010, is down 6.9% since inception and its assets have fallen roughly 50% over the past year to $1.17 billion. That figure is set to increase as outstanding redemption requests—including one from Blackstone Group—are honored, says Bloomberg.
Flamand, the former of head of Goldman's largest proprietary trading desk, had raised over $2 billion for the fund.
Prior to joining Edoma, Haslam had worked at other hedge funds, including Citadel and Elliot Management while Lund had previously worked at Morgan Stanley and Goldman Sachs.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...