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Goldman Sells Stakes in Five Hedge Funds for $800 Million

  • Affiliated Managers buys stakes held by Petershill Fund I
  • Management of all purchased funds to remain, AMG CEO says
Updated on

Goldman Sachs Group Inc. is selling minority stakes in five hedge funds to Affiliated Managers Group Inc. for about $800 million.

AMG will acquire stakes held by the Petershill Fund I, which has holdings in Winton Capital Group, Capula Investment Management, Partner Fund Management, Mount Lucas Management and CapeView Capital, the company said in a statement on Monday.