Swiss asset management is about to gain a new player: Edouard de Langlade, a former member of Moore Capital hedge fund, may be about to join the Swiss financial market with his EDL Capital firm.

EDL Capital is about to shut its business in London, according to «Reuters». The company confirmed its intention to move to Switzerland, the report said.

Reversal of Trend?

The new location of the hedge fund isn’t known yet. EDL Capital caught the headlines in 2016 when it boosted assets under management by 500 percent.

In recent years, some of its rivals had quit Switzerland, notably Brevan Howard in 2014 and Bluecrest in 2015 – both of them closing their Geneva offices.