Alternative Market Briefing

M&A – Sanlam acquires Swiss FoHFs Octane Holdings, raises stake in South African hedge fund Blue Ink, Shumway Capital sells 8% stake to Goldman Sachs’s Petershill Fund, Goldman Sachs sticks with reduced management fee on flagship fund

Wednesday, January 06, 2010

Sanlam acquires Swiss FoHFs Octane Holdings, raises stake in South African hedge fund Blue Ink From Busrep.co.za: In a bid to strengthen its global hedge fund offering, Sanlam Investments (SI), the umbrella investment division of Sanlam, had acquired full ownership of a Swiss-based international hedge fund manager and increased its shareholding in another hedge fund.

SI had acquired full ownership of Octane Holdings, a Swiss-based international fund of hedge funds manager, for an undisclosed amount. SI previously held a 50% stake in the company, which was acquired in 2002. Octane is an independent, specialist alternative hedge funds investment manager...

SI has also increased its shareholding in Blue Ink Investments, a South African hedge fund manager, from 50 percent to 75 percent. It acquired the original stake in 2007. The amount of money SI paid for this purchase was also not disclosed. … Full article: Source

Shumway Capital sells 8% stake to Goldman Sachs’s Petershill Fund From Businessweek.com: Chris Shumway sold an 8 percent stake in his hedge-fund firm to a leveraged-buyout fund run by Goldman Sachs Group Inc., according to a letter sent to investors.

Shumway Capital Partners LLC will use proceeds from the sale to help finance a partnership to include senior executives of the Greenwich, Connecticut-based firm, the l......................

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