Discover your dream Career
For Recruiters

Lehman Revamps Hedge Funds

Lehman Brothers' hedge-fund unit is being broken up within the firm's asset-management business after its head, Jolyne Caruso, said she will leave Lehman at the end of the month.

Caruso's departure precedes the arrival of Lehman's new asset-management chief, George H. Walker, who previously oversaw alternative investment strategies for Goldman Sachs. The Wall Street Journal says Bush has been "consulted on the changes." (Bush is a second cousin of President Bush.) Bush's appointment was announced in May.

The Journal says Lehman's hedge fund business, including its three single-manager funds, will be divided up among the firm's asset-management unit. Its fund-of-funds business will become a part of the private-equity fund group.

author-card-avatar
AUTHORAnonymous Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Bovill Newgate
Practice Lead, Regulatory Compliance
Bovill Newgate
New York, United States
Director of Gift Revenue Operations
Dartmouth College
Lebanon, United States
CME Group
IT Auditor
CME Group
Chicago, United States
LMA
Sales Director
LMA
New York, United States
QBE Insurance
Lead Underwriter - A&H
QBE Insurance
Plano, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.