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The Goldman Sachs Petershill Fund Acquires Minority Interest in
Mount Lucas Management Corporation
(Newtown, Pennsylvania) - Mount Lucas Management Corporation, a leading global macro investment manager, today announced that The Goldman Sachs Petershill Fund ("Petershill") will acquire a passive minority interest in Mount Lucas.

Pursuant to the definitive agreement signed today, Mount Lucas will retain complete autonomy over its management, operations, and investment strategies.

This investment is a significant milestone in the continued development of our asset management business. The transaction further endorses Mount Lucas as a leading global macro manager, provides access to the resources of Petershill as a strategic partner for the business, and enhances our ability to attract, incentivize and retain experienced professionals by providing an independent valuation on the equity of the firm. A substantial portion of the proceeds from the transaction will be re-invested in Mount Lucas's funds.

In a separate announcement, Mount Lucas stated that Paul DeRosa, a current principal of the firm, will be named Chairman of Mount Lucas at year-end. The post has been vacant since the passing of Frank Vannerson in March 2008. Paul will no longer be involved in the day-to-day management of MLM Macro-Peak™, the firm's global macro strategy, but will act as an ongoing resource and high-level advisor for the strategy. In his new role, Paul will focus on corporate leadership and product innovation.

Robert J. Barbera, Chief Economist at Mount Lucas, will assume Paul's direct role in the portfolio management process for MLM Macro-Peak™. Bob has extensive experience in developing macro investment strategies, particularly in fixed income. Bob has worked with Paul for more than two decades.

Mount Lucas also announced that Gerald L. Prior III, a thirteen-year veteran of the firm, will become an equity partner at year-end. Jerry has held a number of key roles in the firm, and is currently a Director of Quantitative Research for the global macro portfolio and a Portfolio Manager for MLM Index™ products.

Mount Lucas Management Corporation is a global macro manager with $1.8 billion under management across three distinct investment programs: MLM Macro-Peak™, a global macro strategy; MLM Index™, a diversified futures index strategy; and MLM Focused Equity™, a large-cap equity strategy.

For more information, please contact:
Raymond Ix, Jr.
Senior Vice President
Mount Lucas Management Corporation