From Hedgefundintelligence.com: It is usually not a great
idea to extrapolate events at individual hedge funds into industry-wide themes
or trends. In this most idiosyncratic of activities, what makes one fund or
firm succeed – or fail – rarely applies more generally, in what is essentially a
business about people.
But the shutdown of Edoma Partners, the London-based
event-driven fund launched amid much fanfare two years ago by Goldman Sachs
prop trading star Pierre-Henri Flamand, does seem to be one of those rare
moments that illustrate some generic industry issues.
The demise of the firm, which had been running more than $2
billion at its peak with a team of some 20 people, was not surprising in
itself. Edoma had struggled from the start, with the fund being down by about
7% since inception by the time that Flamand and his partners decided to throw
in the towel at the start of November......
No comments:
Post a Comment