WASHINGTON Thomson Financial - Lehman Bros. liquidated three of its investment funds with assets totalling $1 billion because of 'market disruptions,' the bank said in a U.S. Securities and Exchange filing late Wednesday.
Lehman said it also bought certain 'deteriorated' assets worth $800 million from other funds, without giving their names. Mark.cotton@thomson.com mc1/jlw COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.