Lehman Brothers has purchased a 20 percent stake in Spinnaker Capital, the USD5 billion (€3.8bn) emerging markets fund manager. Spinnakers’ other three funds are now closed to new investment and are reported to contain USD5 billion in assets.
Lehman Brothers Buys 20% Stake In Emerging Markets Fund Manager Spinnaker Capital
Lehman Brothers has purchased a 20 percent stake in Spinnaker Capital, the USD5 billion (€3.8bn) emerging markets fund manager. Spinnakers' other three funds are now closed to new investment and are reported to contain USD5 billion in assets.
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