Goldman’s Petershill Buys 10% Stake in Hedge-Fund Firm Fort Management

(Wall Street Journal) A private-equity fund run by Goldman Sachs Group Inc. has purchased a 10% stake in a Maryland hedge-fund firm that uses computer-driven, automatic trading strategies to wager on trends. The minority share in the $1.6 billion Fort Management LP is the second bet on a commodity-trading adviser by Goldman’s Petershill business, which takes minority stakes in hedge-fund firms…..

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