Hedge Funds

Ospraie plans big expansion after Lehman link

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Dwight Anderson is planning a major expansion program following the move by Lehman Brothers to buy 20% of his Ospraie Management.

The deal comes as at least four other big fund groups on both sides of the Atlantic are thought to be in detailed negotiations with banks and other financial partners.

Lehman's move to team up with Ospraie has also helped fuel speculation that GLG Partners - which had previously been talking to Lehman about increasing the bank's existing 20% stake - will soon float on the London stock market.

Since spinning out of Tudor last year, Anderson has already launched