Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.