Tuesday, 22 July 2014
Last updated 5 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…