Party's Over: Exposed Hedge Funds are Left Dangling in Wake of Lehman's Collapse
Institutional Investor, October 2008
Summary: Hedge funds face losses and uncertainty in the wake of Lehman Brothers' demise. As a result of Lehman Brothers International going into receivership, PriceWaterhouseCoopers is the biggest global trader of OTC derivatives. PWC's unwinding of convertible bond swaps is having a cascading effect in the markets. S3 Partners Managing Partner Robert Sloan quoted.
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