Wednesday, 27 May 2015
Last updated 10 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…