Edelman in Olive Tree hedge deal

Cayman Islands-based hedge fund Olive Tree Capital (OTC) has enlisted Edelman for a UK, US and Swiss brief.

OTC, which trades liquid markets including futures, commodities, FX and equities, is looking to make 20 per cent returns.

The fund was founded by foreign exchange services firm FXUC Solutions CEO and marketing director James Casper and Waldman Diamond Group founder and chairman Alex Waldman.

The fund will go live on 1 May, with £2.5m of the principal's capital hoping to raise £50m by the year's end.

Edelman associate director Jonathan Smith heads the account.

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