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Bunk or bunker down?

13 March 2007 By Robert Cyran

Lehman snapped up another minority hedge fund stake. It s buying 20% of Shaw worth perhaps $1.7bn given its $30bn of assets. Investors must pray it bests BofA s 1997 tieup with Shaw. The bank lost 75% of its $1.4bn investment in the market crisis that followed.

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