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

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