Partners Leaving Troubled Edoma

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...