Sunday, 22nd November 2009

 

26 November 2008 - Press Briefing

US hedge funds face closure amid Lehman asset freeze

Several companies dependent upon four US hedge funds face collapse since the funds cannot access shares and loans held at the London unit of Lehman Brothers, according to a report in the Financial Times.

The four unidentified funds claimed that they were likely to wind down next month if they failed to get access to information about their assets locked at the bankrupt Wall Street firm.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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