Wednesday, 30 July 2014
Last updated 13 hours ago
Aug 15 2008 | 7:23am ET
A London hedge fund that a Goldman Sachs vehicle owns a stake in more than doubled its revenue last year, according to company filings.
Capula Investment Management, which Goldman’s Petershill private equity fund bought a nearly 20% stake in earlier this year, said income soared 115% to £38.2 million for the year ended last September, Financial News reports. The three-year-old hedge fund paid some £29.1 million in profit distributions to its six members and Capula Investment Services.
Capula has raised some US$4.15 billion since its inception, mostly for its flagship global relative value hedge fund. It has also recently launched a long-only vehicle.
The US$500 million Petershill fund, run from London by Jonathan Sorrell, paid as much as US$100 million for its non-voting 19.99% stake in Capula. The fund has also bought stakes in Trafalgar Asset Management and Winton Capital Management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…