Friday, 24 April 2015
Last updated 3 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…