Lehman Brothers Breaks Ground With First Post-Shearson Currency Fund
FUNDS
The managed-futures unit of Lehman Brothers, renamed Lehman Brothers Futures Asset Management, is preparing for life after Shearson by offering its first currency fund.
On August 2, the first business day after the sale of Shearson's U.S. retail branches to Smith Barney, Harris Upham & Co. is complete, the Lehman Currency Advisors Portfolio N.V. fund will begin its first full day of trading. It replaces a currency fund that was included in the deal with Smith Barney, and so fills in the potential
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