COO of Lehman’s hedge fund business sets up in Oz

LibertyView was acquired by Neuberger Berman, a subsidiary of Lehman, in 2003. Following the manager’s closure and the crushing demise of Lehman Brothers, Lane relocated to Sydney with his family.

 

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NZ Super cuts benchmark return expectation on US valuation concerns

A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark.

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