Feyens hedge fund aims for returns of 10%-15%

Former Société Générale trader Stephane Feyens has launched an equity long/short hedge fund, domiciled in the Cayman Islands and listed in Dublin. The Entropy Fund invests mainly in European and US stocks and has a target return of 10%-15%pa. It began trading with some E5m on 13 January. Feyens, managing director of Enthalpy Investment Management, said: 'The strategy is divided into three components: the standard long and short-term market positions normally associated with such a fund and also a number of arbitrage trades, including volatility arbitrage.' The initial public of...