Mergers & Acquisitions / Joint Ventures

HDF enters fresh phase in wake of merger


Gilles du Fretay
When the founder or driver of a business is no longer in charge, investors get uneasy. They really get uneasy when staffers leave. So when at least four left HDF Finance – including Eric Debonnet – to join neighbouring THEAM, it is not surprising that the assets in 2011 fell by 35%, according to the full year InvestHedge Billion Dollar FoHF Club.

Following the death in August 2009 of Gilles du Fretay, founder of HDF Finance and father of Xiphias Investissement – the first fund of hedge funds in France – the