New York (HedgeCo.net) – Goldman Sachs’s $1 billion Petershill Fund Offshore LP, has bought a minority stake in a $4 billion hedge fund, according to a Bloomberg report.
The hedge fund, Level Global Investors LP., founded by David Ganek, bets on the global rise and fall of stock prices, employing long/short strategy to make its investments. Founded in 2003, it is based in Greenwich, Connecticut with an additional office in New York. The hedge fund typically invests in technology and financial sectors.
“We believe this investment by Petershill is an important milestone in the continued development of Level Global’s investment management platform as an institutional quality business,” managing partners David Ganek and Anthony Chiasson said in a letter to shareholders, which was first published by Bloomberg news.
Alex Akesson
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