Hedge Fund News From HedgeCo.Net

More high profile hedge funds shut down

FierceFinance – Goldman Sachs employees are not guaranteed they will retain anything resembling a Midas Touch after they leave the bank.

Consider the fate of former Goldman Sachs proprietary trader Pierre-Henri Flamand, who left the company to start his own hedge fund. The launch of Edoma Partners was in fact one of the highest profile hedge fund launches of 2010, and Flamand raised a whopping $2 billion.

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