Friday, 30 January 2015
Last updated 3 hours ago
Apr 17 2013 | 2:02pm ET
Lehman Brothers' hedge fund clients are poised to be repaid more than four years after the investment bank collapsed.
A federal bankruptcy court yesterday approved trustee James Giddens' plans to repay banks and hedge funds more than $15 billion. The move will "set the stage" for customers to get all of their money back, Giddens said.
That money has been frozen since Lehman declared bankruptcy in 2008.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…