Lehman Brothers Ranked #1 in Institutional Investor's 2007 "All-America Fixed-Income Research Team" Survey

September 2007
For the eighth year in a row, Lehman Brothers’ U.S. Fixed Income Research team was ranked #1* in the annual Institutional Investor “All-America Fixed-Income Research Team” survey. The Firm has been ranked #1 in U.S. fixed income research for 14 out of the past 18 years.

Lehman Brothers garnered 42 total positions (16 First Team, 9 Second Team, 8 Third Team and 9 Runners-up) for 2007, up 1 from 2006. The Firm placed ahead of #2-ranked JPMorgan and #3-ranked Banc of America Securities.

In addition, Web-Based Analytical Tools and Weekly Credit Research Publications were included under a new Client Services segment of the survey for the first time this year. Lehman Brothers captured #1 in both categories for LehmanLive® and for "the most useful comprehensive fixed-income research publications, compiled from reports by analysts covering individual sectors."

Institutional Investor's 2007 “All-America Fixed-Income Research Team” survey results are based on the survey responses of 1,425 money managers and buy-side analysts from 480 institutions.

 * #1 ranking is based on the total number of team positions.