Asian investors in Lehman's structured products await fate
Guaranteed notes issued under Lehman Brothers Special Financing may become void as Lehman Brothers Finance goes into bankruptcy administration.
Investors in Asia have not only been hurt by the growing risk aversion caused by Lehman BrotherÆs filing of bankruptcy. There are also those who have been affected directly through their exposure to Lehman structured products, particularly in Greater China.In China, investors in Hua An Fund ManagementÆs overseas investment fund are affected because its structured notes are guaranteed by a unit of Lehman. The fund is co-advised by LehmanÆs asset management unit in Asia. Launched in 200…
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