On December 27, 2010, Newtown, Pennsylvania-based investment manager Mount Lucas Management Corporation announced that The Goldman Sachs Petershill Fund has agreed to acquire a minority interest Mount Lucas.
On December 27, 2010, Mount Lucas Management Corporation announced that The Goldman Sachs Petershill Fund has signed a definitive agreement to acquire a passive minority stake in Mount Lucas. Mount Lucas is a Newtown, Pennsylvania-based global macro investment manager with $1.8 billion in assets under management. Under the terms of the agreement, Mount Lucas will retain complete autonomy over its management, operations, and investment strategies and a substantial portion of the proceeds from the transaction will be reinvested in Mount Lucas’s funds.
To read the press release, please click here.