Goldman Fund Buys 20% Of Hedge Fund Trafalgar

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.


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...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?