{"id":12138,"date":"2009-09-25T07:49:56","date_gmt":"2009-09-25T11:49:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12138"},"modified":"2009-09-25T07:49:56","modified_gmt":"2009-09-25T11:49:56","slug":"hedge-funds-trade-lehman-bankruptcy-claims","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/hedge-funds-trade-lehman-bankruptcy-claims.html","title":{"rendered":"Hedge Funds Trade Lehman Bankruptcy Claims"},"content":{"rendered":"<p>BusinessInsider &#8211; Hedge funds and investment banks are trading Lehman bankruptcy claims. And it\u2019s not just a matter of a couple of distressed debt funds buying the claims\u2014it really looks like they are being actively traded.<\/p>\n<p>Credit Suisse, for instance, bought a $423 million claim from Citadel recently. And now it is looking to sell a $1 billion claim, according to Bloomberg.<\/p>\n<p>We\u2019re not quite sure how this market is working yet or how actively the claims are being traded.\u00a0 According to Bloomberg, Elliott Management, King Street Capital and Paulson &amp; Co collectively have accumulated $13 billion of claims against Lehman. Silver Point Capital is also a buyer.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.businessinsider.com\/john-carney-hedge-funds-find-a-new-financial-product-to-trade-lehman-bankruptcy-claims-2009-9\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessInsider &#8211; Hedge funds and investment banks are trading Lehman bankruptcy claims. And it\u2019s not just a matter of a couple of distressed debt funds buying the claims\u2014it really looks like they are being actively traded. Credit Suisse, for instance, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4295,1182,11708],"class_list":["post-12138","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-debt-funds","tag-distressed-debt","tag-hedge-funds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12138"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12138\/revisions"}],"predecessor-version":[{"id":12139,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12138\/revisions\/12139"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}