Lehman and Bear Stearns target Europe

Despite a fall in the number of European hedge funds launching, Lehman Brothers and Bear Stearns are aggressively expanding in the region.

Lehmans has been growing its prime broker and capital introduction teams in Europe and the US to aggressively market its products.

Nick Wilson, managing director of prime brokerage, said: 'We have spent a lot of money investing in our prime brokerage product over the last three years. Now we are looking to aggressively increase marketing to accompany the

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