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Macro hedge fund manager Caxton Associates has sold a 9.9% stake in itself to a fund managed by Goldman Sachs Group Inc. (GS), The Financial Times reported Wednesday, citing an investor letter.

The investment in Caxton by Petershill fund, which is managed by Goldman Sachs' Asset Management, may be increased to 19.9% over the next nine months, the FT said. The price was not disclosed in the letter, the report said.

Full story at http://www.ft.com/intl/fastft?post=214652

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