August 2, 2010
Hedge Fund Win In UK Should Make for Good Appeal
A U.K. court just ruled in favor of some hedge funds who lost their money in the Lehman Bros. investment bank failure, the Wall Street Journal reports. Good news for those funds whose money was not properly "ring-fenced"; not great for those funds whose monies were properly segregated as they now must share the recoverable wealth.
The decision reversed a High Court decision. This one should be interesting should there be an appeal, and I'd have to imagine there will be one.
August 2, 2010 | Permalink