Hedge Funds

Lehman CEO suggests shopping for hedge funds


Adding yet more intrigue to the world of hedge fund acquisitions, Lehman Brothers Holdings came a little closer to showing its hand in an article this week in the Wall Street Journal.

Lehman owns 20% of GLG Partners and has long been understood to be interested in increasing its stake. Lehman chairman and chief executive Richard Fuld confirmed at a conference on Monday that his firm is looking at buying a hedge fund firm.

Fuld played it coy, refusing to say whether the firm was GLG or another hedge fund operator. He would only say that Lehman is definitely looking.