The Hedge Funds Weblog
Hedge Funds News easy to digest.
October 16, 2008
GlobeOp Clients Mitigate Lehman Losses
Filed under : Hedgetalk

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.
Tags :
No Comments