Three Hedge Funds Elected To Lehman Creditors Committee

Hedge funds have won a majority of seats on the creditors committee overseeing the bankruptcy of Lehman Brothers’ European business.

GLG Partners, Oceanwood Capital Management and Ramius Capital each won a seat on the five-member committee, which will assist receiver PricewaterhouseCoopers in figuring out who is owed what by Lehman Brothers International Europe.