hedgefunds
GlobeOp Clients Mitigate Lehman Losses
Filed in archive Hedgetalk by Alex Akesson 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.



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