Lehman Brothers continues to take bite-size stakes out of some high-profile hedge funds, with its latest purchase being a 20 percent stake in D.E. Shaw, a manager of just over $29 billion.

The terms of the deal were not disclosed, but the final price is tied into D.E. Shaw’s future performance.

Lehman and its cross-street rival Morgan Stanley have been active purchasers of funds and stakes in funds for their asset management businesses.