https://assets.fnlondon.com/2012/03/4070182231.jpg

Edouard Salet (founder and chief investment officer, Apson Capital), Age 38

During a five-year degree in financial engineering at the Sorbonne in Paris, Salet specialised in the valuation of derivatives. He is putting this to good use at Apson, the hedge fund firm he launched last year. He runs a macro fund that expresses fundamental themes through equities and equity derivatives and Salet hopes that in five years’ time his will be the first big franchise in Europe to do this. It is a strategy he honed as a portfolio manager at Deephaven Capital Management between 2004 and 2009. Apson secured a $50m seed deal from Oaktree Capital for the new fund, which launched on July 1. After a tough start – the fund was down 3.8% for the rest of last year – Salet is focusing on generating performance.

Financial News this week revealed this year's 40 Under 40 Rising Stars of Hedge Funds, our editorial pick of the brightest up-and-coming men and women in the industry. Here are profiles of some of those who made it onto the list

https://assets.fnlondon.com/2012/03/4070182220.jpg

https://assets.fnlondon.com/2012/03/4070191667.jpg

https://assets.fnlondon.com/2012/03/4070191669.jpg

https://assets.fnlondon.com/2012/03/4070182225.jpg

https://assets.fnlondon.com/2012/03/4070191672.jpg

https://assets.fnlondon.com/2012/03/4070191674.jpg

https://assets.fnlondon.com/2012/03/4070191676.jpg

https://assets.fnlondon.com/2012/03/4070182227.jpg

https://assets.fnlondon.com/2012/03/4070196091.jpg

https://assets.fnlondon.com/2012/03/4070182229.jpg

https://assets.fnlondon.com/2012/03/4070182233.jpg

https://assets.fnlondon.com/2012/03/4070233592.jpg

https://assets.fnlondon.com/2012/03/4070196089.jpg

https://assets.fnlondon.com/2012/01/4069781236.jpg

https://assets.fnlondon.com/2012/03/4070182222.jpg

https://assets.fnlondon.com/2012/03/4070195879.jpg

https://assets.fnlondon.com/2012/03/4070192040.jpg

https://assets.fnlondon.com/2012/03/4070194390.jpg

https://assets.fnlondon.com/2012/03/4070194428.jpg

https://assets.fnlondon.com/2011/05/4068590601.jpg

https://assets.fnlondon.com/2012/03/4070204193.jpg

FN 40 Under 40 Rising Stars of Hedge Funds

David Thomas

BlackRock hires former Wellington exec to lead sustainable assets team

Europe’s impending active ETF ‘tsunami’, and M&G CIO on geopolitical shocks

Europe on the verge of active ETF ‘tsunami’ as Jupiter becomes latest market entrant

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

https://images.fnlondon.com/im-81781958?size=1.5

Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

By Alexander Osipovich and Caitlin Ostroff

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test

TTu6jRwjPKM+IYCWQ+PLTrU/0zDS/u1WH6/wJwvvrJ7t9TPV+OQNipX/aQZAhMVyiFLUpJlFpFr3xdrRoajK6jfjwDiI6KCkv0wVrMbQL1V1MfN6OYPD3Yb8Njyqcv7LV9rtIxMV5oJgP4L5p154Q32Z0gtlIUPXGIeiFvspBbm7wuS5Z/cnEqYK072hEoNUsVN+oAOwWPoBjOg5wjDGh4JZhIdSBH9mkFxoCxMU4j5t7KiZKRNoTKETxN6XafMX1jGhbujGt0lFQwac8zi2gzIMLRCb90cLDm0eCY6ePhZiybXM7+H1air2ZduvlyuRZFH6kCidPhDMQ3J7nR6+bf2pr5Wwp6s0u7lkHCBv4/oHL3BidNzlC88l54PtIzADi3XADj+vgiyks2R/WlX8XazO54DmutsdQ0s18lhK1BrggVwi0G0/E2k12DlAQEzYCYqZB08t4bWx60PNkFPtmxApzJ3p6eV1BP3ipxjkDRuNbcgqDjtZUIubnkm1JXbwrwWbQDJ4tolxmQbfF5rxXgYdXgkGPRyDVEtB05anBB2FQ2FjUu9mXNmOKVFhXG5jM5zvKtfG8/CNMn+AwtprYruB6MC5MjrPIo2v+5Kw8QLChQpFpVTe0jn/x8l7q0hqb+DSPYWNt3Tffcl8vXzkFGSeMXUNB563nhFKvN4DTX/sAV45XEjpCZrzJirck2sDCbk+yr5+lYrzP3yfHmh+OBzBYgdDP7u/xBTZdQ4nU/Fz5lpP/PeVCyM5Bm+2ohZ4CVh9l6/iSBkR/JJau8jzQO/ZMXfWl+g+UdGlsDc1dz7S1jxaVleaItRY8nD78M/jcYe39PM9CY0cH8auzfzT/nRcNBW0vACQl0YFPTwztDbSOtCLMk+fIMK8FGcT5xS2wbumMxh4XVhUkCJqhBQkUg1nAe+G8eEYpLc9hVEZ9E4r0OA0V9MJKdMTARAzRN6DLYdPeFhIVCBgvMJMRiam46kHhb8IXUmQMoGNHAtZGaWBRkdpu3b4w46vBz65ssVZNcZt0XCNvnsJt0WYfIl2GIxh786Aulvm7WsRXDdsh6OsbGAjpuonCveJkGevixcgIZEvI9gjDggU6ygdgC2ER/2PBwKsuc5pQU4jl/d3FBEzfJv+8T4LGbow7j9YSkEkdk2Ldy8/uVhH3xiClI21qeBdFYSYBzPUlEJaVPkng3XSfXxYR608rIS6EDwbR8whRZ6SYGuh5eUwLSEVITxqKzhELFGi47EIb479gkbPizaIcLdMx5Z5jNtIPd46+m9vVRmINT830kPcHADfHUMCb2XzWG639OkOgFByzHVSjwQiWjYmi4an6qd/RaZAksKFTNTUEiu6Ob0cPcIQUfIR5TN5Ww5ktZnqHiwx4RheAnNgxV/SGyxnH6xrEp+2CODXGSHTIXz3qoMaVZVQHVPaa9yr3MTMyhivnwIXkvx3+pxoVQgGcsMhTO2D9qoUdUhkE0fF79Wl0jNEyA/urUk2FeekbW7U0ogawRr82KS85/8WaQ6Soc4hz/o04KN0d3rBbKDKJvLl03lMRQdhwR4iRuqIco9wHvsn16ltbNH7u7g62sjMFU07SqxZN3orkwJ9TyrtsgY6sh2Sz07rgDwU8rvxeUff0i8MWlGH8nNFfgjdYVeC2mStyrQ80v4oVSmUk38BBrNXROClE8ZbfDQGVKWvM6rJ/DANre1ARnVAff2ZuQCIVQc85dIU+cMkm3L3AzGvUWFdihv0HgCFTipBEkVeuFuQ69QUuHB8dx2hWOtub+KNMtEvzS/dyVBo3bab57o/W22jr20C8lgQzZCfud+zKqQShCqdJzAFdXdQUcvLNVim4vkGgVUS6mSwTQYWJuWM02sfj35rMcaCYEHfFyHVJjz+kyk08lvoYwiMUpUbJQVuyStOWcsyvfNo0K0C29AKBmRp/wbgb1JD9XdDSkea1FGOZrILAmOsYS/hltYtPutPmsl4EXb9nyBwFthZlTgJn5M17dFCoPdX4qNDWUvB/Z9EEDQC98djg1pd0CLzu57UA+FnIfcHzhCXHPKSHTwau/mZ5Am0oOnC5dOT1IBEc66gaASP/wqi07gad2ARK4XOtsRbbFy8daupEAyxgFaA3WJR6QY6Y2FXr+0OPRzfbzVtaH+7R1Ol+6/HqfUKgSKMSl3PijhBpIVFUIi83f1yrGkH99pU1voR4owFyS8zU57Go8mm8A05iOFg2Ziu8AURFZroaLQWY9iCh0uX/2TKliEz64olOYxisQWr/J5+flBSjRP6TWZA7d+avWwZb3xtn8/funZXgWFRyuOTCF/iLhpSxjzk3YmLs3aNaTOOrLXlOcE+dZ5ZfBmsHHlEMMp1R1GnT0NjeFwn+E2SZIsvvcKDdQBvyLY0VzNPdnnTPhSJcviG8Z6c16vyHoMv4oNtNRRmOyu4MWfX2cCejfs8MhmjQs0a8sELaULbZUeNvTlAMtgEfKLDoCg+7tYrzs6Bm8B7kjvLHh53C8D3uC8EG2KWO/FrM6cM3fNIYFbXGeXfBF6s/KyApyPNJ7rY1iVBWbXpHZelbZZzS8Emi/FrSPZbeHpzQCM34ZFjyI+yVndXfGq2udzVIriqcQ9YAsOAnivs8FYQifWHdD8nkDDU69juvqAvkcvhdSd/deksgQtOd6rgZ5TQkLjUnBo46MyzpPSzm24ff1ZbOv9qRAuDxJELEDwDEa5asnI0XBr9jJBD+wUiClQbfkYD5MsOy51Jawy3/dqLy1FSUSEykYpUq4ol2is6nI+2F1Io0WKbFxf+XScwU4oz47WOri6J8WtdGUTN5XGUE1o7IuB+6A/PV03p2YhgarQAb02IBtavxkm7ARwZkIzluWmkPLzw9p10MlW+aw1Sxr2ff3lJaFLnp/MAMRfJzuEoIT+JAvdihzLQXEhme1cJG8nJxZBmbGDHGuqEtO5V+HrbPKAFYTdzoa7xsh+wzsvgj+EfR5h0laYaBZBkAUUnkvhSkiEU2gJalI6opwUMjOSkwVlDqM+izp2UBIpGNqHuxlyyGWYBfZnFCAPZKq7jrP0K5JV/+T0xEDuf1og8nLztxms/IgCzhbgITaNiF+47rNuuVjh6BgfwAlEYpNQQ/7GVwFUc/IJ/ZodANExVfSvGMkSFiJrPtS0BqYXoV1YwLYwF0aeSefnkWVQ/sK63bVcGOZNwv2MFmpEcLxff3rkBXsXA87RXI1mwsLV7HiOwpphUCbHazIEclGB/LyA9UZf0N6eqJvFmlTHN9U9e8/HoV6azOk/vFeZYgGp5G1ms9GAGuxTkx9lD1AbRFdJ5HKDJ8oVcJeLt+YPV4hxBULMzgckjOqwMUwdjSXRm7wMxuHGmoM1JMwionludVkQ3vr8pjiB5JBnzd/OMWlf4OZHn996iaUWVMWI8yNPWPw77N0Zylki0AK1yRIiVvxZMZ+g+eqNYFJbWQDOSNRYoyQ4Y143R92+xlLyl3IJkELkWz58zio2dTUZ7LZD8jVOCKzZk8vOgv068uPWNezHxmhEwHjh5pANT9agvRMOmpDsmnNBGd2SvbjNmFWEmUnW6KROuLJMkEfuQa9mUcAlN1SFF/Dl+EwWoxdtmrlXOfQKygzhCZNJ6JXlD4Lz9VOWIoSWGKeoTMELIG9vsxPJmjFuXb7gHSxAEUASv0uYNRXAbG/AgyUBnwBYLZRsPzZbDv2iYv1I63dB0qpBo1LXvbxBOicPnhhZVflw6/OgabFik3Q2sCF3EUGiH60ojie1sif7JUU/JTPPa2icDC0+uSPSsiFgoNQ1jAdJmM1CkK6KjWUdgpU5TMWhSU0ySo0zUJnO3LKSwoMJ0VeIJ8MrLxHJ3n1QGJ3WEH8mf3Dsh9sD9sY5eZO+kIv2+7UWs1829OaOkeyWWVuVh2/7gg8TABTo2hmzgQ/goH7utKeC5CpfFSlQXL09lz802mzdLSSg26UAH2BmDqDyWy95ec/nKwSURvYGP/P5YIe1HnPCX1MnVX1/BPd7T4hbDgRDUDKrthKeRtSaF2IIN2iSTdansbZcP5ZBm59/FRuaH+qKvV6LW8/33tHb7KhtK8CJozvKjxthZtmDB6PFK1xUrK3itZkKYI8rrbf8JqEF2MGIIv7pS2K1ukTw3cMld/QSYhaME2K4fHX0OXGKz+pZrnuCytfYGO/tJhXOwLUum0yg+0jRTFkQ6sEJ366Ro5SdVe3lT5kAj1VTCF2kM+IJeRPpcsCwno0y5z9lIztnzUYoUlFybfqPL+y7GHgmtsFMrAhQktkE+w4TZ8nfjMw36QACmV09rw4+ESXS9qrGWKcWao2apSCM+QYpGKkZhwHSfkgmkM8PcLZXdH8ywMQFmr/vSUGTY9fDAmWX3HL6flVNimJPX4lIWBmdOmGBCWT7znUBQru6PVpof8UW8STXJuDN5DcGzFkroPiD5q+EKheN3Fxvsje1faKFpDVMBG/KVT9tj9x7TmktnNTHITvyjMtZNHGFCqdgIcewr3px1TXNHwx2CjsLmd2s4o30d897Q8hdGTPgU5+fEV22CYnPNeS7/lqjDX7ZLWUqWgAzR1ehZlSWsqm94KCc93G7j2EOX/bviSTAuikuJUw463St56S/hlIztahozVM/fVAlLiZcShSn/SaQgvI5gPrJXxs/OYxKMgtqtrVZXpdRn6IfZ/3EIBtfczeE5F8V6aigCXzLbVSk8LBvUq6ulL5sauxykYXojuCYAY/0L1Phkz0EOv/QnoyWP07C1n4OZH8fcYQKd52fmkZMHfOsebxUk80VsYKhpP6B3jFMPtth0wmSDd8oVPRjXa4soToL4CAXxpM3Ag0E0apsfklMseKUXKDEHia4Yv3cIN3qYm4nGv3QuY/2wyT8pw69tZMDrrjMwKRI+PzpmPcZz2ses3EgznInkWd4vvi6iinfFivqOq3m+cIGUw+DBAThRDUo5LXDm5NqeXmlfYDy+nTpuHGTv0+2sWT3dvUgS67cy928FB3f31kh0NYTZJ3H0Og4OiST0VUZ8hMgbCIAFtBwBsLhRyipEZeGff4voaAYyFRiPkKmyvIEFCNr9gYh4E6qL12sa9Rlyc18oj/FRsJtplayaZw5IAEdKpCwa4cjr7o/Ph6JAziIzLnfS76H2wLdvdl5Y4RYVDpLXh513rkZzhzV215Q/n3BmBcY1WZQr+X4tMNRnGKq4gcozvIR0tYQrRzuIWoE0NtG6OeNK60BhjnjIe9MXrB7/TVnhW+tWvPkNnLUHcBxQCJpMhIQfg87OW4WLGIImBn7tD1goqwLbrDN3nvQQurGLVvZtqy8QNT7v4tlyBmPuURMG3P1zjk74A6Asw4yXdenayPCTq5VlywzLUb9V7lS3VUT2cpU933Hfc6s7fpRgdMWn56TYiBRV+HBKyP5X2gyQHLhk90DixnhI5oo2OYGcaRJi6w7VcZOJff9chTILVxGdz7fIpDxNeZC5bIg8vWzGuBilebiT3XZnzFAcEeIRReOG24MBoWLKjZocNA5DZfFMuR9r9YAynP8pyQOxVwOEEL5zp8QisGYi+VgUEb6I00+7R821bee2vyrNnsjLevHBPvFNqpPmIFVFxrX9nmRpBcPxFqlsU9c0lifL3evsLZJWEuR4ZzIWyUpH0E4x1fbVSkpqVphrFla+k2J6ahhRZcSzCO9jTBIcvZY7+mDTXxikJnTkEkzqiH8iokzAHS00GfbOJzQcI0ms3bO7Kv+Hm10UM4lB90NNk578tJzY/oic5/QkeBmqnWAOAfV9MTHdYNFwN5Wym0ragN17DQOT561cVRjS8C1jR+EjQ3pSZPV/ISmJhvLJcH1Gy3cFAv48WLm5LjmgaD4NnaE3WGMMg5i6CIwJJHZxx0Nir3fcE0mH0697pkTkHzAkUlhijiODzLd9snw9sslvxEjUoqUrGZB7QuQaTDlHZVpS07KLdpDOWo5HECQHYK9mqTtOvYaXrxY/iwQMRcpqVPQLgRw+qwIO4u8HywIq7V8jg6YmIpZ+k+PSzjJidbnA3WHK1vESQzJhMMxiFyW11wwaqW8aKZBXOdgrRwAvs3+nFECcanE/R8YYk3UuYEFJ9xN6Ni7tM8r7e0xuHVLR/p/DvzphQsTc5C9bLl/uOFsUExv6Y/HHN0sTld+6ykp+N9xmDwXhtim4+xi/upgG1VvD4B+PWMt9/WvS5i6lYcFnJY5exV0gAb04a5xFgvzo6lV4n5yixvoT9hy5IZjTCSjc5wOhTPiRLCKKoKNWw8l/MNKaRtk8t33aqgRhwD0eYhc5oyXD4x9Q02YavrWI+jXrSs8j0OlhgD5CywN8GEeHYut5JHQoZFlnvRzB+BNptBQYqiQeOPjzHR3wAtHoialj8+Ap/Ipzu+gBceYpOU/SA0sC0e9O4OiC3hQgACjBMIxjIvvU4A2A+2smAL8ZJq+EWOurcStBFlVvIMIRDML45pJG7D5zahVtACrsoVDfFHEQKW+9g7DehImzCFGkw4eK+tUU4+nZ/5gebGyBISqVnO3JWJRcJrM8sdGxYlshWonYUQtt5MqZ8HJKal9HGPXh56QbaJgnc6OKALTi/LRlpkJssqqNuolZUD4sMDYzvPfhTzWVVlzMeO0e3/BsqlIvdDCrIQ4+9ah/TWjbqTucctIl4V7s680sHDjxJZ7AXh5nJuEuJI43hd+nfp8w3tRlq6fOmdLG3BJ0qKZTpPvVodxNNdw1dSsY3JKJjki/hjDgLozmWqn3heGfwEZWI8m4qmlMVZbgh1Wx0RqGAXk2wemyKlLnpw0So3sXKp2GxOQP3I4SqaHlnYjbD4qoEg8yYvOJ/wZhb1BhgcWWmRT5k34=

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

Tencent Shares Rise as App Launches DeepSeek Testing

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test