Lehman takes first place in hedge fund service survey.
If the results of Institutional Investor's All-America Research Team survey, which ranks stock analysts at brokerage firms based on voting by hundreds of institutional money managers, are retabulated to count only votes cast by hedge fund managers, Lehman Brothers takes first place, with 40 ranked analysts. Lehman was # 1 among hedge funds last year and also took overall All-America team honors for a second year in a row in 2004.
In second place for hedge funds--up from fourth in the All-America team - is Morgan Stanley, with 32 team positions. (It finished second in the hedge fund voting last year.)
Goldman, Sachs & Co. surged from eighth place in the overall 2004 All-America team to third place in the hedge fund tabulation, with 31 team positions. (Goldman also finished third among hedge funds in 2003.) Merrill Lynch and UBS tied for fourth place among hedge funds.
Hedge funds, lightly regulated investment pools for wealthy individuals and institutional investors, have grown rapidly in the last few years. The funds have a voracious appetite for information and investment ideas and generate a large share of Wall Street's commission revenues.
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|Title Annotation:||Lehman Brothers Holdings Inc|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Dec 1, 2004|
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