Lehman Brothers’ Remains Reap Billions for Hedge Funds

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This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic

restaurantPrentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500's 9.3% decline and the Russell 2000's 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to […]

Bloomberg’s Kelly Bit reports on how hedge funds continue to make billions of dollars trading in the debt of Lehman Brothers nearly six years after the firm filed for the largest-ever bankruptcy at the start of the financial crisis. She speaks on Bloomberg Television’s “Market Makers.” This is interesting topic which we have covered in the past. Also see Bloomberg article.

Lehman Brothers’ Remains Reap Billions for Hedge Funds