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Hedge Funds Meet With FSA, BOE Over Lehman Assets, FT Reports

Bloomberg – Hedge funds met with the U.K.’s Financial Services Authority and the Bank of England in London to discuss the return of their assets from Lehman Brothers Holdings Inc., the Financial Times reported, citing unidentified funds.

Representatives from the Managed Funds Association, which speaks for some of the biggest U.S. hedge funds, met with Lehman’s administrators and the two financial watchdogs on Oct. 22 to speed up the process, the newspaper said.

The funds emphasized the need for more communication from the bank’s U.K. administrators, led by Tony Lomas of PricewaterhouseCoopers LLP, according to the FT.

The administrators said the only creditor meeting will be held on Nov. 14 at London’s O2 complex, the FT said.

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