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The Lehman payoff
The bankruptcy saga is nearing an end & some hedge funds are getting money back while others will have to return incentive fees to investors.
The collapse of Lehman Brothers in September 2008 stranded billions of dollars in hedge fund assets, but few funds faced as heavy a burden as Amber Capital Investment Management. The New York hedge fund firm had nearly $900 million of its $2.9 billion in assets trapped inside Lehman Brothers International
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