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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note