Deals
Goldman Sachs Unit to Buy Stake in Mount Lucas
This article is for subscribers only.
Goldman Sachs Group Inc.’s Petershill Fund agreed to buy a minority stake in Mount Lucas Management Corp., a global macro hedge-fund manager with $1.8 billion under management.
Mount Lucas will keep autonomy over management, operations and investment strategies, the Newtown, Pennsylvania-based fund said today in a statement. The size and value of the investment weren’t disclosed. Andrea Raphael, a spokeswoman at New York-based Goldman Sachs, declined to comment on the Petershill investment.