Former Goldman Sachs Groups proprietary trader Pierre-Henri Flamand has joined Man Group.
London-based Man Group announced in statement released Wednesday that Flamand will start his role at Man subsidiary GLG Partners as a senior portfolio manager next month.
Flamand had over 20 years of investment experience, which includes 15 years at Goldman Sachs where he was head of the Principal Strategies Group.
Flamand most recently ran his London-based hedge fund firm Edoma Partners, which shut down in 2012 after just two years in business. He attributed the closure to the tough fundraising environment at the time.
Previously the largest publicly traded hedge fund in the world, Man Group was knocked out of the spot by Jersey-based Brevan Howard, according to The Hedge Fund Journal’s listing of the 50 largest European hedge funds. It currently manages about $54.1 billion in assets.