Fund launches & closures

Edoma demise casts pall over new bank prop spin-out wave

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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