A spokesman for LMR Partners, which has offices in London, Hong Kong and New York, declined to comment. A private equity fund in Goldman Sachs Asset Management’s Petershill range of funds has bought a stake of between 10-20% in multi-strategy hedge fund company LMR Partners. The fund, which is managed by the investment bank and its own in-house team, will hold an initial position of around £10m with plans to increase it over time. The Goldman funds have previously backed Caxton Associates, Knighthead Capital Management and Pelham Capital. Neither Goldman nor LMR commented on the deal story.
A private equity fund in Goldman Sachs Asset Management’s Petershill range of funds has bought a stake of between 10-20% in multi-strategy hedge fund company LMR Partners. The fund, which is managed by the investment bank and its own in-house team, will hold an initial position of around £10m with plans to increase it over time. The Goldman funds have previously backed Caxton Associates, Knighthead Capital Management and Pelham Capital. Neither Goldman nor LMR commented on the deal story.