The long, slow demise of Edoma Partners - the London-based
event-driven hedge fund set up two years ago by former Goldman
Sachs Principal Strategies head Pierre-Henri Flamand - has
entered its final phase after the firm confirmed widespread
industry speculation that it is to shut down.
Having launched amid much fanfare in November 2010, taking
in $2 billion of investor capital in one of the most
hotly-backed European-based hedge fund launches of recent
years, Edoma's progress virtually since the start had been
disappointing - with the fund losing around 7% since inception
and down by around 5% this year in a period when many other
event-driven managers have made money.
A recent rationalisation exercise that saw the departure of
some former front-line investment team members including former
Citadel man Oliver Haslam and ex-Cork Street co-founder Caspar
Lund (formerly of Goldman and Avenue) had indicated that
Flamand and his partners might be preparing...