Lehman to run first credit derivative IPO

Primus Guaranty, the credit derivative specialist, has filed to float on the New York Stock Exchange.

The offering will be the first from any dedicated credit derivative firm and will test the appetite for such investments.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire