Friday, 31 October 2014
Last updated 12 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.