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Top Hedge Fund Said To Have Lost $5bn

Reuters reports that top US activist hedge fund Atticus Capital is said to have lost some $5bn this year, after 'heavy falls in financial stocks'. According to the news agency's unnamed source, the firm's total assets under managment have fallen to around $14bn from over $20bn at the end of last year.

Dresdner Bank - An Obituary

Dresdner Bank was established on 12 November 1872. The bank's founding consortium consisted of Allgemeine Deutsche Creditanstalt, Leipzig, Berliner Handels-Gesellschaft, Berlin, Deutsche Vereinsbank, Frankfurt am Main, Deutsche Effecten- und Wechselbank, Frankfurt am Main, and Anglo-Deutsche Bank, Hamburg with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wildruffer Strasse in Dresden.

Lehman Brothers - A Brief History

In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated to the United States from the town of Rimpar, in the German state of Bavaria. He settled in Montgomery, Alabama, where he opened a dry goods store, 'H. Lehman'. In 1847, following the arrival of Emanuel Lehman, the Firm became 'H. Lehman and Bro'. With the arrival of their youngest brother, Mayer Lehman, in 1850, the Firm changed its name again and 'Lehman Brothers' was founded.