Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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May 2002

Lehman backs new investment house


Fund management


Lehman Brothers is taking a new step into fund management through its backing of start-up firm Edgeworth Capital.
       
Wesley Paul
Edgeworth, led by Wesley Paul, ex-global head of investments at JPMorgan Asset Management, will focus on hedge funds for institutions and high-net-worth individuals.
Lehman is majority owner of Edgeworth and believes it can exploit a gap in the market. Paul says consolidation in the industry, together with market volatility, makes it a good time to launch the business. He believes many people working for global firms want to move to small organizations.

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