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

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...