Goldman Sachs Mount Lucas
Goldman Sachs Buys Minority Stake in Mount Lucas
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