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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of