The management of US wealth manager Neuberger Berman hope US private equity firms Bain Capital and Hellman & Friedman, which has agreed to buy the business from collapsed bank Lehman Brothers for $2.15bn (â¬1.5bn), will give them a free hand to run their business.
Henry Ramallo, a managing director and senior portfolio manager of Neuberger Berman, said this month at a conference: "What do we want from whoever buys us? We want the buyer to leave us alone. We want it to say, these guys know how to run a business, let's let them get on with it."
