Hedge Fund News From HedgeCo.Net


Hedge fund loses $130 mln on shares held by Lehman

Reuters – Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers.

Harbinger said 17.7 million shares — worth 80 million pounds ($131.4 million) at current prices — will not be recovered and further shares held by Lehman may also be lost.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , . Bookmark the permalink.

Leave a Reply