Monday, 29 December 2014
Last updated 9 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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