Sunday, 28 December 2014
Last updated 3 days ago
Jun 7 2013 | 1:30pm ET
Lehman Brothers' hedge fund clients are set to get all of their money back from the defunct bank—and soon.
Lehman trustee James Giddens said yesterday that he had begun cutting checks that will make institutional clients, including banks and hedge funds, whole. The money will come from the final liquidation of Lehman's brokerage business.
"Distributions from the LBI estate will stand as the largest return of property in history to former customers of a broker-dealer following a bankruptcy and liquidation proceeding," Giddens said.
Lehman's prime brokerage customers have had their money tied up since the bank collapsed nearly five years ago.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.