Tuesday, 16 September 2014
Last updated 1 hour ago
May 7 2014 | 12:16pm ET
Having failed in his bid to make it on his own, former Goldman Sachs proprietary trading chief Pierre-Henri Flamand is joining one of the world’s largest hedge funds.
Flamand will manage a global event-driven stock and debt fund at Man Group’s GLG Partners, the firm said today. He’ll start his new job next month.
“Man Group’s focus on performance, exceptional global resources, strong infrastructure and commitment to innovation differentiate the firm and create the optimal environment to deliver value for clients,” Flamand said.
Flamand’s return to the institutional fold comes a year-and-a-half after he pulled the plug on his Edoma Capital. London-based Edoma debuted with much fanfare—and more than US$1 billion in assets—in 2010. But Flamand could not recreate the success he enjoyed at Goldman’s Principal Strategies unit: Edoma’s returns disappointed, leading investors—who at one point entrusted US$2 billion to the firm—to flee. Flamand decided to liquidate in late 2012.
Flamand’s move to Man reunites him with a former colleague at Goldman, Emmanuel Roman. Roman, GLG’s co-founder, is now Man’s CEO, and is seeking to reduce Man’s reliance on its flagging flagship AHL strategy.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?