The shutdown comes at a time when the flow of new hedge fund launches from other bank prop traders is running at a high level
By Nick Evans
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