{"id":23556,"date":"2011-07-18T12:28:26","date_gmt":"2011-07-18T16:28:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23556"},"modified":"2011-07-18T12:28:26","modified_gmt":"2011-07-18T16:28:26","slug":"man-group-buys-lehman-exposure-from-glg-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/man-group-buys-lehman-exposure-from-glg-funds.html","title":{"rendered":"Man Group buys Lehman exposure from GLG funds"},"content":{"rendered":"<p>Reuters &#8211; Hedge fund firm Man Group is to buy exposure to the estates of defunct U.S. bank Lehman Brothers from funds run by its GLG unit for $355 million, in an effort to clean up the funds&#8217; holdings and make them easier to sell to new investors.<\/p>\n<p>GLG &#8212; bought by Man Group last year for $1.6 billion &#8212; was using Lehman as its main prime broker at the time of the U.S. bank&#8217;s collapse at the nadir of the credit crisis in 2008, and Monday&#8217;s move means Man will benefit or bear the risk of any change in the value of the claims.<\/p>\n<p><strong><a href=\"http:\/\/www.reuters.com\/article\/2011\/07\/18\/man-lehman-idUSL6E7II02Y20110718\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge fund firm Man Group is to buy exposure to the estates of defunct U.S. bank Lehman Brothers from funds run by its GLG unit for $355 million, in an effort to clean up the funds&#8217; holdings and [&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":[],"class_list":["post-23556","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23556","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=23556"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23556\/revisions"}],"predecessor-version":[{"id":23557,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23556\/revisions\/23557"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}