Launches & Closures

GLG veteran Gedeon puts Mereor on hold, returns investor capital


Despite solid performance, former GLG partner Georges Gedeon has decided to return all capital in the $50 million credit and merger arbitrage fund he runs at his Paris-based start-up, Mereor, while he decides on his next move.

Gedeon was GLG’s head of merger arbitrage strategies and credit research before moving to Paris to establish his own firm in October 2009. The Mereor Absolute Return Fund debuted in mid-February 2010 and has returned 5.3% net since launch, including a 1.5% gain this year to the end of June with less than 3% average volatility and 1.1x average gross leverage.