Edoma's Hedayat To Indus, Will Launch Special Situations Fund

May 2 2013 | 10:15am ET

Former Goldman Sachs and Edoma Partners trader Ali Hedayat will join hedge fund Indus Capital, six months after Edoma went under.

Hedayat will launch a new global special-situations fund at Indus, Financial News reports. That fund is expected to debut within the next few months.

Hedayat was a founding partner at Edoma, which was set up by his former boss at Goldman's proprietary trading operation, Pierre-Henri Flamand. One of the largest and most prominent hedge fund launches of 2010, Edoma closed its doors after just two years, with Flamand citing poor performance and difficult market conditions.

New York-based Indus was founded in 2000 by veterans of Soros Fund Management, and focuses on Asia-Pacific. Hedayat, who will join the firm next week, will be based at the US$4.4 billion firm's London office.

Hedayat's return to the hedge fund industry follows that of fellow Edoma veterans Martina Slowey, Emmanuel Niogret, Quentin Dumortier, Oliver Haslam, Evan Pearce and Louis Villa. Slowey returned to the prime brokerage business at Bank of America Merrill Lynch, Niogret and Dumortier moved to Horizon Asset, Haslam went to Millennium Management, Pearce went to Pine River Capital Partners and Villa to SAC Capital Advisors.

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