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

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of