Former Deephaven Capital portfolio manager Edouard Salet launches Apson Capital Management

April 18th, 2011
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Edouard Salet, a former portfolio manager at Deephaven Capital, has founded Apson Capital Management. Mr. Salet plans to launch the firm’s first hedge fund with a global long/short equity strategy this summer. Daniel Goldstein, the former director of equity flow sales at BNP Paribas, will be joining Apson Capital as its chief executive officer, according to an article from the Financial News.

Industry insiders are expecting that former proprietary traders will dominate new hedge fund launches in 2011. Notably, Frederic Denjoy recenlty left Brevan Howard Asset Management to found Denjoy Capital Partners. Denjoy, who was an equities trader at BHAM, is expected to launch the firm’s first hedge fund sometime next month.

In addition to Edouard Salet, a number of other Deephaven Capital Management veterans have launched hedge funds, following Stark Investments buyout of the hedge fund manager in 2009. The most notable include Tony Chedraoui’s $1.6 billion launch of Tyrus Capital LLP and Sanjiv Bhatia’s launch of Isometric Capital Management, which was seeded by FRM Capital.
For Detailed Investor Profiles on these Investors, click below:
Apson Capital Management*
Brevan Howard Asset Management
FRM Capital Advisors
Isometric Capital Management
Tyrus Capital SAM
Related People: Alan Howard; Barry Thomas; Blaine Tomlinson; Boris Pilichowski; Caitlin Chan; Christopher Rochos; Clive Peggram; Daniel Goldstein; Edouard Salet; James Vernon; Jean-Phillipe Blodget; John Aves; Neil Mason; Patric de Gentile-Williams; Sanjiv Bhatia; Tony Chedraoui; Trifon Natsis
Related Entities: Apson Capital Partners; Apson Capital Management; BH Global; BH Macro; Brevan Howard Asia Fund; Brevan Howard Credit Catalysts; Brevan Howard Emerging Market Strategies Fund; Brevan Howard Macro FX; Brevan Howard Master Fund Ltd; Deephaven Capital*; Financial Risk Management; Financial Risk Management / FRM Capital Advisors; Isometric Capital Management; Isometric Capital Partners; JD Capital; Swiss Reinsurance; Tyrus Capital; WestSpring Advisors
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings


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