Lehman Buys Stake In Spinnaker

Jan 31 2007 | 10:15am ET

Lehman Brothers is getting in on the hedge fund shopping spree.

Just months after rival Morgan Stanley bought stakes in four hedge fund firms, Lehman is buying a 20% share of $5 billion London emerging markets hedge fund Spinnaker Capital Group. The firm said it expects to boost its stake in Spinnaker even further, to 25% by the end of the year.


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Publisher's Note

    Occupy GAIM Fizzles

    Jan 23 2012 | 11:26am ET

    South Florida’s version of Occupy Wall Street—Occupy Palm Beach Country—is staging what I’ve been told is a less-than-impressive protest outside the GAIM conference site. Read more…

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