Goldman Sachs Petershill private equity fund which invests in hedge fund firms has purchased a 9.99% stake in Fort, a firm that uses computer-drive automated trading strategies. Petershill will share in Fort’s management and performance fees. Fort, which stands for Financial Opportunities in Research and Trading, has more than $1.5 billion. It is a systematic investment adviser led by two prominent asset managers and Ph.D. Economists who formerly ran the investment division at the World Bank.
Goldman Sachs Petershill private equity fund which invests in hedge fund firms has purchased a 9.99% stake in Fort, a firm that uses computer-drive automated trading strategies. Petershill will share in Fort’s management and performance fees. Fort, which stands for Financial Opportunities in Research and Trading, has $1.5bn AUM. It is a systematic investment adviser led by two prominent asset managers and Ph.D. Economists who formerly ran the investment division at the World Bank.