A European wealth management firm previously owned by collapsed US bank Lehman Brothers has been bought from the bank's administrator by its star fund manager.

Pier-Alberto Furno, a  long-only fund manager who was previously head of Furno and Del Castaño Capital Partners (FCCP), a joint venture with collapsed investment bank Lehman Brothers, has bought 100% of the firm's equity and will rebrand it Ambix Capital.

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Wealth manager rises from Lehman's ashes

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