Thursday, 24 July 2014
Last updated 2 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…