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Neuberger Berman Celebrates Independence

|Includes:Lehman Brothers Holdings Inc. (LEH), LEH.F

Neuberger Berman Group LLC announced today that it completed its employee-led buyout of the asset management group from bankrupt Lehman Brothers Holdings, which retains a minority stake in new company. Neuberger Berman was originally founded in 1939 and was one of the first firms to offer a no-load mutual fund to individual investors. The firm now employs 1,600 people, including approximately 250 investment professionals...

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Stocks: LEH, LEH.F