A little more than 10 years ago, Lehman Brothers died. (Although it continues to persist in zombie form.) Bart McDade probably remembers, as he was president of the investment bank when it paid its fateful visit to U.S. Bankruptcy Court. And if he does remember, he’s having a very unwelcome sense of déjà vu.
New York-based River Birch Capital, co-founded by former Lehman President and Chief Operating Officer Bart McDade, is returning client capital after losing a key investor….
Another parallel! River Birch didn't have to die, except someone decided to kill it.