Goldman Fund Buys 20% Stake In Hedge Fund Capula

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.

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