Mount Lucas Management LP (Newtown)

Name: Mount Lucas Management LP
Address: 405 South State Street, Newtown, PA, 18940
Telephone: 267-759-3500

Mount Lucas Management LP is a large advisory firm based in Newtown. It manages $1.25 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Pennsylvania.

Mount Lucas Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mount Lucas Management: assets under management

The assets under management (AUM) of Mount Lucas Management LP is $1.25 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and $522.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.25 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $48.08 million each.

Mount Lucas Management has custody of $418.9 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 85% of the total AUM. The second-largest asset type is derivatives, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mount Lucas Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy John Rudderow serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Timothy John Rudderow is investment companies with 4 clients and $512.6 million of assets under management. Among the 9 most similar advisory firms, Mount Lucas Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $989.9 million for 19 clients. 19% of the firm’s clients are foreign persons or businesses.

Mount Lucas Management also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $1,000,000.

Careers at Mount Lucas Management LP

The company employs 18 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Timothy John Rudderow has been acting as President since 1 Sep 1999. Gregory J Cox joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger Ellis Alcaly	Director of general partner	1 Sep 1999	Other	1227685
Paul Richard Derosa	Director of general partner	1 Sep 1999	Other	1558416
Raymond E Ix	Senior vice president	1 Sep 1999	Other	1559153
John Robert Oberkofler	Vice president	1 Sep 1999	Other	1164191
Timothy John Rudderow	President	1 Sep 1999	Other	4339951
James Alban Mehling	Vp - chief operating officer	1 Sep 1999	Other	830051
Charles Crow	Chief compliance officer	1 Oct 2004	Other	1946882
Estate Of Frank Love Vannerson	Shareholder	1 Mar 2008	Other	4339946
Mount Lucas Management Corporation	Class a - limited partner	1 Jan 2011	75% - 100%	22-2732557
Ltd. Goldman Sachs Petershill U.S. (Manley) Holdings	Class b - limited partner	1 Jan 2011	Other	98-0679228
Goldman Sachs Petershill Fund Offshore (Lombardi) Holdings Corp.	Class b - limited partner	1 Jan 2011	Other	26-2658180
Mlm Llc	General partner	1 Jan 2011	Other	27-3992979
Gerald Prior Iii	Vice president quantitative futures - class a limited partner	1 Jan 2011	Other	5892835
David Aspell	Portfolio manager	1 Jan 2015	Other	6473594
Kent Chen Huang	Chief risk officer	1 Jan 2015	Other	4466537
Timothy John Rudderow	Chief executive officer, chief investment officer	1 Feb 2015	Other	4339951
James Alban Mehling	Chief financial officer	1 Feb 2015	Other	830051
Gerald Prior Iii	Chief operating officer	1 Feb 2015	Other	5892835
Kevin Robert Reid	Assistant vice president	1 Jul 2015	Other	3118391
Gregory J Cox	Chief compliance officer	1 Dec 2018	Other	6314524

Based in Newtown

The principal office where Mount Lucas Management LP performs its advisory services is located at 405 South State Street, Newtown, PA 18940, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 267-759-3500 or by fax 267-759-3501. The normal business hours are 0830 - 1700 on Monday - Friday. You can find more information about the New York firm at mtlucas.com.