The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

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.

Paul says that as traditional investment houses move into the alternative investment market, there will be more staff defections. "We will look to cherry-pick the best people from the best firms," he says. "They find it hard to keep people happy because they want equity in the business.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree