Wednesday, 25 November 2015
Last updated 1 hour 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…