Edoma Partners LLP, the hedge fund started by former Goldman
Sachs Group Inc. proprietary trader Pierre-Henri Flamand, plans to close after
it lost money and assets shrank, according to a Businessweek report.
“This is very disappointing for everyone concerned,”
Flamand, 42, said in an e-mailed statement today. “Considering the
unprecedented market conditions, we felt the most responsible course of action
was to return money to investors and cease investment activity.”
Flamand started Edoma in 2010 after stepping down as head of
Goldman Sachs’s biggest proprietary-trading unit amid a government backlash
against banks betting on markets. Expectations that Flamand would continue his
success as a hedge- fund manager helped him to raise more than $2 billion from
investors….
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