MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 23, 2006 More Unbundling Deals For Lehman? More unbundling deals may be in the offing for Lehman Brothers. The brokerage firm is reportedly in talks with a number of mutual fund firms about splitting its stock trading and research costs. Last October, Fidelity Investments struck an agreement with Lehman under which the mutual fund giant will purchase stock research using its own funds. Two months later, Fidelity reached a similar deal with Deutsche Bank Securities. The Wall Street Journal reported on Wednesday that Lehman is in discussions with other fund firms, citing industry watchers. A Lehman spokesperson wouldn’t comment. "Based on a presentation we attended a few weeks ago, it is clear to us that Lehman has been in discussions with other asset managers about unbundling their research from execution services," Michael Mayhew, chief executive of Integrity Research Associates, told the paper. Printed from: MFWire.com/story.asp?s=11326 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |