UK hedge fund manager Trafalgar Asset Managers increased its revenue by half and quadrupled its pre-tax profit to almost £15m (€19m) last year, in advance of selling a significant stake to Goldman Sachs investment vehicle Petershill.

Trafalgar recorded income of £26.1m in the year to 30 November 2007, according to the accounts of Trafalgar Asset Managers Limited filed last month at Companies House. This was an increase of 49.6% on the revenue it recorded for the previous year.