Lehman crash leads to focus on hedge fund assets

Sep 17, 2013

Lehman's hedge fund clients have only started to regain assets that have been frozen for nearly five years, with the bank's crash precipitating changes in custody arrangements.

Lehman crash leads to focus on hedge fund assets

In June this year, Lehman Brothers trustee James Giddens issued a brief, but not insignificant, statement: hedge funds and other brokerage customers of the defunct bank would be paid back in full after having their assets frozen for nearly five years.

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