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(DJ Ex-Lehman Execs McDade, Kirk Set To Launch Fund -NY Post)

DOW JONES NEWSWIRES


Former Lehman Brothers Holdings Inc. president and operating chief Herbert "Bart" McDade is teaming with one of the bankrupt firm's former top traders, Alex Kirk, to launch an investment fund named River Birch Capital, the New York Post reports Wednesday. Kirk, who has expertise in distressed assets and fixed-income debt including high-yield securities, didn't return calls seeking comment.

McDade, a former Lehman president, helped integrate the firm's U.S. capital markets business with Barclays Capital after U.K.-based Barclays PLC (BCS) bought the unit out of bankruptcy protection in September 2008.

Full story at http://www.nypost.com/p/news/business/traders_eye_fund_launch_Nsuv8l45Cb4bajnUMTyB3H

-Dow Jones Newswires; 212-416-2900


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(END) Dow Jones Newswires

September 23, 2009 12:47 ET (16:47 GMT)