Sunday, 29 November 2015
Last updated 1 day ago
Apr 2 2008 | 4:24pm ET
A Goldman Sachs private equity fund that invests in hedge fund management firms has bought a stake in a New York-based credit shop.
The US$500 million Petershill Fund has taken a minority ownership position in Claren Road Asset Management, Hedge Fund Alert reports. It is the third such stake taken by Petershill within the past year and its first outside of London, where it is based.
Terms of the deal were not disclosed.
Claren Road manages some US$2.7 billion in its long/short vehicle, Claren Road Credit Fund.
Petershill had previously invested in Capula Investment Management and Winton Capital 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…