LBIE

Lehman Brothers intends to return about $11 bullion to hedge funds

November 24, 2009 - 1:10am | Banks and internet banks | News

As PricewaterhouseCoopers, administrators for bankrupt Lehman's London-based unit, announced on Monday Lehman Brothers International, that has over $35 billion of hedge fund assets frozen since the bank's recession last September, indents to pay back about $11 billion to fund managers by March in case 90% of Lehman's clients approve the new plan.

assets | hedge fund | LBIE | Lehman Brothers | PricewaterhouseCoopers

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