Friday, 31 October 2014
Last updated 14 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.