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Lehman Plans To Form Asset Manager
Lehman Brothers Holdings hopes to exit bankruptcy and create an asset management business.

In a filing with the U.S. Bankruptcy Court for the Southern District of New York, Lehman proposed the creation of LAMCO, an asset management business that would specialize in the banks commercial real estate, mortgages, principal investments, private equity corporate debt and derivatives assets.
In addition to handling debtors assets, Lehman said in its plan that LAMCO is well-suited for management of third-party assets and the production of revenues that will benefit the stakeholders of that entity. Click here to read the Lehman reorganization plan.