{"id":7112,"date":"2008-02-11T00:00:00","date_gmt":"2008-02-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-takes-20-stake-in-londons-capula-hedge-fund-group","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2008\/goldman-takes-20-stake-in-londons-capula-hedge-fund-group.html","title":{"rendered":"Goldman Takes 20% Stake In London\\&#8217;s Capula Hedge Fund Group"},"content":{"rendered":"<p>CNNMoney.com- A fund of Goldman Sachs Group Inc. (GS) said Monday it has taken a 20% stake in London-based hedge fund operator Capula Investment Management, in the latest move by a bank to tap into hedge funds&#8217; lucrative fees through part-ownership. <\/p>\n<p>The purchase was made by Petershill Fund Offshore LP a private investment fund that is part of Goldman Sachs&#8217; asset management unit. The Petershill fund previously took a stake of just under 10% of London&#8217;s Winton Capital Management in late July.<\/p>\n<p>Terms of the transaction weren&#8217;t disclosed, but hedge fund businesses are typically valued at between 10% and 15% of assets under management. Based on Capula&#8217;s $3 billion in assets under management, that implies a rough price of around $60 million to $90 million for Goldman&#8217;s 19.99% holding.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&#038;ct=us\/6-0&#038;fd=R&#038;url=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djf500\/200802110645DOWJONESDJONLINE000163_FORTUNE5.htm&#038;cid=0&#038;ei=yzqwR-SjI4z2qgPc4LCZDQ\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com- A fund of Goldman Sachs Group Inc. (GS) said Monday it has taken a 20% stake in London-based hedge fund operator Capula Investment Management, in the latest move by a bank to tap into hedge funds&#8217; lucrative fees through [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7112","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7112"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}