Goldman Fund Buys Stake In N.Y. Credit Hedge Fund

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.


In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note