Lehman To Boost Brokerage Biz

Oct 5 2006 | 2:54pm ET

Lehman Brothers will seek a bigger share of the lucrative prime brokerage market, according to a CIBC World Markets research report.

The Wall Street giant’s chief administrative office, David Goldfarb, told a CIBC analyst that his firm’s prime brokerage unit is too small to compete with Goldman Sachs and Morgan Stanley, which dominate the market. According to the report, “the growth of the prime brokerage business remains a high priority and big push for the firm.”


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…