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Politics : Fair and Balanced-'Duties Of a Democracy'
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To: ksuave who wrote (1074)9/15/2008 1:40:38 PM
From: longnshort   of 1262
 
By Laurence Fletcher and Bill McIntosh
LONDON (Reuters) - The bankruptcy filing of Lehman Brothers (LEH:$0.2275,$-3.4225,-93.77%) is another blow for the hedge fund industry, though the writing has been on the wall long enough for many to have reduced their exposure to the U.S. investment bank.
Legendary fund manager George Soros, who runs around $18 billion in assets, looks likely to have had his fingers burned after raising his stake in Lehman to 9.5 million shares in the second quarter.
A spokesman for Soros Fund Management declined to comment on the composition of their portfolio.
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