Goldman Sachs Fund Buys Stake In Winton Capital

Oct 9 2007 | 6:56am ET

Call it a private equity fund of hedge funds. Goldman Sachs Asset Management’s new $500 million private equity fund has bought nearly 10% of London-based hedge fund manager Winton Capital Management, Winton said.

The Goldman fund, which is also run from London by Jonathan Sorrell, will buy stakes in the general partnerships of hedge funds.

Winton did not say how much Sorrell’s fund paid for its 9.99% passive stake. The fund will have no say over the management of Winton’s funds, nor will it receive any seats on the $10 billion hedge fund firm’s board of directors. Winton does not expect to allow Goldman to boost its stake any further.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...