More LEH Collateral Damage

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Lehman's cruelty continues to know no bounds. First, adorable labradors, now the children. Darden Capital Management, a $6.2 million fund-management club run by students at University of Virginia's Darden School of Business, which used the Brothers as its prime broker, has seen its assets trapped by the bankruptcy of the holding company. "We actually don't know where the assets are and we can't trade right now," Orlando Gaviria Cadavid told Bloomberg. "Right now, we're just generating ideas, hoping the funds will come back to us." We'd suggest seeking the charity of their counterparts at HBS, but obviously they've got bigger problems to deal with at the moment.

Virginia's Student-Run Investments Trapped by Lehman Bankruptcy
[Bloomberg]

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