Lehman adds muscle to leveraged finance

Lehman Brothers' asset management division has acquired a leveraged finance business spun off by five ABN Amro executives as it delves deeper into the sector.

Lehman is buying LightPoint Capital Management, a company with assets valued at $3.2bn (€2.3bn), for an undisclosed sum.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink