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Prime broker solvency: Difference between revisions
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{{image|Ironmountain1|jpg|A long walk off a short pier, yesterday.}} | |||
}}The [[Lehman]] insolvency — cue thunder-crack — was a chastening experience for some [[hedge fund]]s who discovered to their dismay that the assets they had bought on margin with Lehman — which they thought [[Lehman]] was holding safely in a little shoebox under its bed for them — were not in a shoe-box after all. They turned out to be rather harder to get back than they expected. | }}The [[Lehman]] insolvency — cue thunder-crack — was a chastening experience for some [[hedge fund]]s who discovered to their dismay that the assets they had bought on margin with Lehman — which they thought [[Lehman]] was holding safely in a little shoebox under its bed for them — were not in a shoe-box after all. They turned out to be rather harder to get back than they expected. | ||