Hedge fund industry specialists today expressed "major concerns" over a decision made by the administrators of Lehman Brothers' London prime brokerage unit to continue making margin calls, despite funds having had no access to their assets which were frozen one month ago today.
When Lehman Brothers International Europe, the London-based broker dealer, entered administration one month ago today, it took with it $65bn in client assets, made up of $45bn (â¬33bn) in long positions and $20bn in short holdings, the company's administrator, PricewaterhouseCoopers, confirmed today.
