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Lehman Brothers | Hedge Fund Victims of the Bankruptcy

Source: http://feeds.feedburner.com/~r/richard-wilson-blog/~3/410270105/lehman-brothers-hedge-fund-victims-of.html
Posted on Friday, October 3rd, 2008 | In Hedge Funds
Contributed by: Richard C. Wilson (http://richard-wilson.blogspot.com/) -

Lehman Brothers Victims

Hedge Fund Victims of the Bankruptcy

Lehman Brothers | Hedge Fund Victims of the BankruptcyThe following is a short and far from exhaustive list of hedge funds which were recently affected by Lehman Brother’s bankruptcy.

  • London-based MKM Longboat Capital Advisors LLP said last week it will close its $1.5 billion Multi-Strategy fund in part because of assets stuck at Lehman
  • Lehman Brothers Holdings Inc.’s bankruptcy probably means the end of hedge-fund manager Oak Group Inc. after 22 years in business.
  • Diamondback Capital Management LLC, a Stamford, Connecticut-based hedge fund, told investors that it had assets of $777 million stranded in Lehman
  • Managers with a smaller percentage of assets in Lehman limbo include Harbinger Capital Partners, Amber Capital LP and Bay Harbour Management LLC, which are each based in New York, and RAB Capital Plc and GLG Partners Inc., both in London
  • Darden Capital Management, an investment club run by students of the University of Virginia’s business school, has about $6 million in four funds that are stranded.

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Tags: Lehman Brothers, Lehman Brothers and Hedge Funds, Hedge Fund Managers with Lehman Brothers, Lehman Brothers Bankruptcy, Lehman Brothers Prime Brokerage

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About Richard C. Wilson (http://richard-wilson.blogspot.com/)
Richard Wilson is a hedge fund consultant and head of the Hedge Fund Group (HFG). Richard writes articles on the hedge fund industry on a daily basis. Most of these articles are straight forward educational pieces on hedge fund strategies, terms & definition, trends, book reviews and interviews.

Richard has written two books, The Hedge Fund Blog Book and Rainmaker. The Hedge Fund Blog Book is a collection of my blog posts downloadble for free at HedgeFundsBook.com. Rainmaker is a negotiation and sales book for investment professionals available in electronic, paperback and hardback form at Rainmaker.ws.

Richard's articles have been picked up and used by Reuters, Fox Business News, HedgeCo, Hedge Fund Daily, Nielsons, Wealth Management Exchange, Investopedia.com and a couple dozen niche financial and investment focused blogs and email newsletters, most recently StraightStocks.com

Richard loves networking and truly believes that if you freely give away your knowledge and lessons you have learned in business others will come to your aide when you need a favor or would like to form a business partnership. Email Richard at Richard@RichardCWilson.com

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