Goldman Fund In Talks For Piece Of Hedge Fund Trafalgar

Mar 25 2008 | 2:00am ET

A Goldman Sachs private equity fund that invests in hedge fund managers is in talks to take a minority stake in London-based Trafalgar Asset Managers.

The US$500 million Petershill fund, managed by Jonathan Sorrell, has been in talks with Trafalgar since last year, the Telegraph newspaper reports. Discussions began anew a few months ago, and could bear fruit by the end of this month or next month.

Petershill is seeking a minority, non-controlling stake in Trafalger, which manages some US$2.7 billion.

Should a deal be struck, it would be the third in a London-based hedge fund for the p.e. fund. Last year, Petershill bought a 10% stake in Winston Capital Management, and last month it took a 20% stake in Capula Investment Management.

RELATED STORIES

Goldman Fund Buys 20% Stake In Hedge Fund Capula
Trafalgar Makes European L/S Hedge Offering
Goldman Sachs Fund Buys Stake In Winton Capital
Trafalgar’s Jet Fund Takes Off


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.