Template:M intro pb prime broker solvency: Difference between revisions

Created page with "The Lehman insolvency — cue thunder-crack — was a chastening experience for some hedge funds who discovered to their dismay that the assets they had bought on margin with Lehman — which they thought Lehman held for them safely in a little shoebox under its bed — were not in a shoe-box after all. They turned out to be rather harder to get back than they expected. The assets hadn’t all gone AWOL as such but were somewhat caught in the gears of the g..."