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Apr 24 2008 | 11:47am ET
Goldman Sachs’ Petershill Fund has taken a 20% stake in London-based Trafalgar Asset Managers, its fourth such stake in a hedge fund manager.
The two sides have been in talks since last year, The Telegraph reports. Petershill, a private equity fund set up last year by Goldman to buy minority stakes in hedge fund managers, reportedly paid between US$50 million and US$100 million for the Trafalgar stake. The fund manages about US$1 billion.
Petershill has previously bought stakes in Capula Investment Management, Claren Road Asset Management and Winton Capital Management.