Lehman Administrator Implores Hedge Fund Clients To OK Asset Return Plan

The administrator for Lehman Brothers’ London unit is once again giving hope to the bankrupt firm’s hedge fund clients.

After an attempt to return some of the US$35 billion in prime brokerage assets frozen as part of Lehman’s bankruptcy proceedings in the U.K. were stymied by the British courts, PricewaterhouseCoopers today has appealed directly to the hedge funds whose assets remain inaccessible.