Feyens invests in European/US stocks

Ex-Société Générale trader Stephane Feyens has launched an equity long/short hedge fund, the Entropy Fund, which began trading with approximately E5m on 13 January.

Feyens, managing director of Enthalpy Investment Management, said the fund will invest mainly in European and US stocks, with a target return of 10% to 15% and no more than 7% volatility.

'The strategy will be divided into three components; the standard long and short-term market positions normally associated with such a fund and