{"id":13107,"date":"2009-11-24T09:04:16","date_gmt":"2009-11-24T13:04:16","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13107"},"modified":"2009-11-24T09:04:16","modified_gmt":"2009-11-24T13:04:16","slug":"hedge-funds-may-get-11-bln-frozen-at-lehman","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2009\/hedge-funds-may-get-11-bln-frozen-at-lehman.html","title":{"rendered":"Hedge funds may get $11 bln frozen at Lehman"},"content":{"rendered":"

Reuters – Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank’s collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.<\/p>\n

PricewaterhouseCoopers [PWC.UL], administrators for bankrupt Lehman’s London-based unit, announced on Monday a proposal that would let hedge funds recover their assets held in custody by Lehman Brothers International (Europe), or LBIE. The scheme requires approval by 90 percent of Lehman’s clients.<\/p>\n

“This agreement has been negotiated over the last six months and will now allow us to return a further $11 billion or so of trust assets to their rightful owners,” Steven Pearson, joint administrator for LBIE and a PricewaterhouseCoopers partner, said in a statement.<\/p>\n

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Reuters – Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank’s collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new […]<\/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":[],"class_list":["post-13107","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13107","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=13107"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13107\/revisions"}],"predecessor-version":[{"id":13109,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13107\/revisions\/13109"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}