Friday, 27 November 2015
Last updated 1 day ago
Feb 2 2012 | 3:05am ET
Goldman Sachs' private equity fund of hedge funds has consoled itself over Lee Robinson's departure from Trafalgar Asset Management by taking a stake in his new hedge fund.
Goldman's Petershill Fund, which invests in hedge fund management firms, was given the right to invest in new ventures set up by Robinson if he were to leave Trafalgar. He did last year, setting up Altana Wealth. Petershill, which bought one-fifth of Trafalgar in 2008, has now exercised that option.
Altana is already running three hedge funds, including a distressed debt vehicle managed by Robinson.
In addition to Altana and Trafalgar, Petershill has invested in some of the biggest names in the industry, including Capula Investment Management and Winton Capital Management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…