Hedge fund backed by Lehman launched today

Raul Biancardi, co-head of European private client services at Lehman Brothers, said: “This venture will allow Lehman Brothers and its partners to develop new revenue streams, both from Edgeworth Capital itself and also by cross-selling to existing private clients and other Lehman Brothers clients globally.”

The global fund will be managed by Joe Rooney, previously a global strategist at Lehman Brothers in Europe, with the long/short fund manager to be announced soon. The firm is initially ta

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