Saturday, 25 October 2014
Last updated 18 hours ago
Feb 11 2008 | 9:43am ET
Goldman Sachs’ Petershill private equity fund has taken its second stake in a London hedge fund manager.
The US$500 million p.e. fund has bought a 19.99% stake in Capula Investment Management, a US$3 billion fixed-income hedge fund manager. The fund paid as much as US$100 million for the non-voting stake, the Financial Times reports.
Capula was founded three years ago by UFJ International veterans Yan Huo and Masao Asai. It returned more than 18% last year.
Goldman set up Petershill, run from London by Jonathan Sorrell, to take stakes in hedge fund management firms. In October, it took a 10% stake in 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…
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