Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Goldman Sachs Mount Lucas

Goldman Sachs Mount Lucas

Goldman Sachs Buys Minority Stake in Mount Lucas

A Goldman Sachs (GS) fund has decided to buy a minority stake in a Pennsylvania-based hedge fund. Goldman Sachs’ Petershill Fund bought shares of the hedge fund Mount Lucas which has an estimated $1.8 billion in assets under management.
In a statement, Mount Lucas said it would retain control over their management, operations and investment strategies. The terms of the deal were not disclosed.
Mount Lucas, which was founded in 1986, employs three strategies — one that focuses on a broad range of global investments, including stocks, commodities and currencies; another that invests in future indexes; and a third that buys stocks in the S&P 500 index and holds them on average for a year.
Goldman’s Petershill was set up to invest in an array of hedge funds, and in April took a stake in Level Global Investors, a New York firm that was raided last month by federal agents as part of a widening probe into insider trading. The firm sent a letter to investors saying they were not the focus of the investigation. Source

Related to: Goldman Sachs Mount Lucas

Tags: Goldman Sachs Mount Lucas, Goldman Sachs Mount Lucas Hedge Fund, Goldman Sachs Mount Lucas Acquisition, Goldman Sachs Mount Lucas Investment, Goldman Sachs Mount Lucas Minority

Link to This Resource: Goldman Sachs Mount Lucas

http://richard-wilson.blogspot.com/2010/12/goldman-sachs-mount-lucas.html
Redesign by HedgeCo Website Creation