{"id":7453,"date":"2008-04-03T00:00:00","date_gmt":"2008-04-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-flagship-fund-buys-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2008\/goldman-flagship-fund-buys-stake.html","title":{"rendered":"Goldman flagship fund buys stake"},"content":{"rendered":"<p>Financial Times &#8211; A fund run by Goldman Sachs became the third in as many days to buy a stake in a hedge fund manager, taking a minority holding in New York&#8217;s Claren Road Asset Management.<\/p>\n<p>Claren Road, which manages $2.7bn, is a specialist in the credit markets and one of the few to navigate the current crisis unscathed, at least so far.<\/p>\n<p>In the first quarter its flagship fund is understood to have gained about 3 per cent, after rising more than 10 per cent last year.<\/p>\n<p>The deal follows Monday&#8217;s purchase by Man Group of half of Ore Hill, a $3bn New York credit hedge fund, for $235m, and Tuesday&#8217;s announcement by Morgan Stanley that it had taken a minority holding in $300m London commodity hedge fund Hawker Capital.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/0787e742-0117-11dd-a0c5-000077b07658.html\" target=\"_self\">Read Complete Article&nbsp;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; A fund run by Goldman Sachs became the third in as many days to buy a stake in a hedge fund manager, taking a minority holding in New York&#8217;s Claren Road Asset Management. Claren Road, which manages [&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-7453","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7453"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7453\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}