Goldman Sachs minority stake in Level Global Investors
The buyout unit of Goldman Sachs (NYSE:GS) has acquired a minority stake in Level Global Investors LP.
Level Global Investors LP is a hedge fund set up to make best on the movement of stock prices worldwide.
Goldman Sachs' Petershill Fund Offshore LP unit will have no investment decision-making role in the $4 billion Level Global Fund.
The Petershill Fund Offshore LP was set up for the purpose of making deals exactly like this one, where they acquire a minority stake in hedge funds.
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