LONDON: Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.
Five years on from the collapse, payouts to Lehman’s creditors in Europe are on course to top 100% some time next year, following a recovery of assets by administrators and legal victories over other parts of the ex-US investment bank.
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