hedgefunds

GlobeOp Clients Mitigate Lehman Losses

Filed in archive Hedgetalk on October 16, 2008

GlobeOp Clients Mitigate Lehman Losses
In a HedgeCo story, hedge fund provider GlobeOp Financial Services S.A. published its Interim Management Statement covering the period since 30 June 2008. As a group, GlobeOp's clients appear to have out-performed the industry.

In the three months prior to Lehman Brothers insolvency, GlobeOp used GoCredit to identify and assess specific exposures. As a result, clients terminated or re-assigned over half of their Lehman Brothers positions, reducing their initial margin posted with Lehman by approximately $180 million.



Permalink: GlobeOp Clients Mitigate Lehman Losses

Tags: hedge+funds  hedge  fund  2008  lehman  hedge+fund  globeop+clients 

Vote for GlobeOp Clients Mitigate Lehman Losses:

  • Currently 7.80/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.80 out of 5 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   Announcements   Best of   Cartoon   Charity   Companies and Markets   Dealtalk   Did you know   FAQ   Hedgetalk   Humor   Information About   Investing   Legal   Op-Ed   Quick introduction