Reuters reports that Pierre-Henri Flamand, the star trader who left Goldman Sachs to launch one of the most eagerly-awaited hedge funds of 2010, is having a tough debut year as volatile markets rock the M&A dealflow his strategy trades on to make money.
His $2.1 billion event-driven Edoma Partners fund, which makes money by taking positions on corporate events like mergers, bankruptcies and restructurings, is down 3.79 percent in 2011 to the end of last week, one investor in the fund said. This leaves the fund down just under 2 percent since its Nov. 1 launch last year, the source said….
Read more at http://www.reuters.com/article/2011/11/25/edoma-hedge-fund-idUSL5E7MP1G820111125
No comments:
Post a Comment