NorthStar Asset Management Hires Goldman Sachs To Explore Strategic Options

By Ciara LinnaneMarketWatch Pulse

NorthStar Asset Management Group Inc. said Monday it has hired Goldman Sachs to advise it as it explores its strategic options. "We believe our current share price undervalues the company, Chief Executive David Hamamoto said in a statement, adding the board is "aggressively" seeking ways to maximise shareholder value. Shares rose 3% premarket, but are down 52% in that last 12 months, while the S&P 500 has lost 6%.

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