DEALTALK-VW squeeze may hit hedge funds frozen by Lehman

Newswire

By Laurence Fletcher LONDON, Oct 31 (Reuters) - Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen , industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the prime brokerage unit of Lehman -- which filed for bankruptcy protection in September -- a fund using Lehman to short-sell VW may have to pay up next year when administrators have worked out which positions belong ...

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