Monday, 4 May 2015
Last updated 1 hour 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…