Lehman Preps Fund of Hedge Funds

Apr 15 2008 | 10:14am ET

Lehman Brothers is raising a fund to invest in hedge fund management firms, following in the footsteps of Goldman Sachs.

New York-based Lehman will invest $1 billion of the roughly $3 billion it hopes to raise for the fund, Reuters reports. The new vehicle, which will be managed from New York and London, will take stakes in “good-quality” hedge fund firms.

Last year, Goldman launched its Petershill private equity fund with US$500 million. The fund, managed from London by Jonathan Sorrell, has taken stakes in three hedge fund managers, including Winton Capital Management.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...