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.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
