Zombie Hedge Fund Stakes Haunt Investors a Decade After Lehman

(Bloomberg) A struggling casino in Vietnam, a soybean-crushing operation in Brazil, a bunch of high-yield, high-risk loans. These are among investments that hedge fund managers — during the depths of the financial crisis — shoveled into what’s known as side-pockets. Since those dark days, stocks have rocketed and the U.S. economy has boomed, yet these stakes languish in investors’ portfolios like moldy leftovers sitting in the fridge for too long.

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