October 23, 2018 / 9:16 PM / 21 days ago

EDL Capital to shift headquarters to Switzerland from London

Oct 23 (Reuters) - EDL Capital, the macro hedge fund firm started by Edouard de Langlade, has applied to cancel authorization for its London headquarters, filings with the British regulator showed.

A spokesman for EDL confirmed the firm was relocating from the UK and said it planned to shift its headquarters to Switzerland.

So-called macro hedge funds bet on macroeconomic events and trends using currencies, bonds, rates and stock futures.

De Langlade, a former Moore Capital trader, launched the firm in September 2015.

The $779 million EDL Global Opportunities Fund was up 3 percent in the year to Oct. 5 after gains of 6 percent in 2017, according to data compiled by HSBC.

That compared to the average macro hedge fund, which was down 1.8 percent in the year to end-September after returns of 2.2 percent in 2017, data from industry tracker hedge fund research showed. (Reporting by Maiya Keidan in London and Philip George in Bengaluru Editing by James Dalgleish)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below