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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...