Petershill Owns Stake In Hedge Fund Partner

Jun 6 2011 | 1:50pm ET

Partner Fund Management is the previously-unknown ninth hedge fund in the stable of Goldman Sachs' Petershill private equity fund.

Unlike the other eight funds in which Petershill, which invests in hedge fund management firms, invests, Partner's identity had not been publicly disclosed. But the investment has been among the most successful for Petershill, Financial News reports.

San Francisco-based Partner has $4.5 billion in assets under management. The firm was founded in 2004 by Andor Capital Management co-founder and former chief investment officer Christopher James, although it is unclear when Petershill took its minority stake in the firm.

Partner manages four hedge funds, its multi-strategy flagship, Diversified, a technology fund, a healthcare fund and its Meritage Offshore fund. Diversified reportedly returned 4.4% last year, 21.4% in 2009 and 31.2% in 2007, suffering a 6.1% decline in 2008. But the firm denied the accuracy of those figures, according to FN.

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