Thursday, 30 July 2015
Last updated 13 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…