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Goldman’s Petershill II fund takes stake in hedge fund Caxton

Reuters – Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday.

Caxton, founded 31 years ago by Bruce Kovner, manages roughly $8 billion in currencies and interest rates around the world and has returned an average 13 percent per year to clients, people familiar with the fund said.

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