Goldman Fund In Talks For Piece Of Hedge Fund Trafalgar

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.