Should you be rushing to join Pierre-Henri Flamand's new hedge fund?

Pierre-Henri Flamand, the former head of Goldman's hedge fund unit in London, is close to launching his new venture, Edoma Capital.

According to Financial News, Flamand has hired two former colleagues from Goldman Sachs and intends to have 20 people in his employment before Edoma is officially launched in the autumn.

What with talk about the coalition government restricting bonuses at banks and hitting them with a banking levy, Flamand's venture looks distinctly appealing to the 18 other people fortunate enough to receive a summons.

In particular, it has the advantage of being new, meaning that it won't be saddled with investors disaffected by its performance during the financial crisis, and will be able to charge performance fees.

"You're much better off working for a prestigious well-financed start-up with some funds under management than fund that's below its high water mark," says Nicola Ralston or PiRho Investment Consulting.

Less promisingly, however, most hedge funds are now paying salaries below those of investment banks (150k is usually the maximum for trading roles in hedge funds according to David Durham of hedge fund search firm Durham Consultants), and it's usually only the equity partners who really make a packet. Flamand's fund is likely to be no different.