Neuberger Berman, the US fund manager spun out from Lehman Brothers following the bank’s collapse, is to list one of the first distressed debt funds on the London Stock Exchange. The move is designed to tap into an expected pent-up demand from investors who want increased exposure to the sector but want liquidity in their underlying investment.

This entry was posted by Tracy Alloway on Monday, March 15th, 2010 at 3:38 and is featured in The 6am Cut London (15 Mar 2010) . Tagged with Lehman Brothers, lse, Neuberger Berman. Edit this entry.