NEW YORK, Aug 27 (Reuters) - Hedge fund Citadel Investment Group has sold a claim on $423 million of Lehman Brothers' assets to Credit Suisse Group, according to a filing at New York Bankruptcy Court.
Citadel last week filed a claim for $470.5 million with the Lehman estate, relating to the cost of replacing derivative transactions it held with the failed bank at its Citadel Equity Fund.
A filing on Wednesday shows that the fund manager has now transferred the majority of this claim to Credit Suisse Loan Funding, a unit of Credit Suisse.
The claim is filed with the U.S. Bankruptcy Court for the Southern district of New York.
(Reporting by Karen Brettell; Editing by Chizu Nomiyama) Keywords: CITADEL LEHMAN/DERIVATIVES (karen.brettell@thomsonreuters.com; +1 646 223 6274; Reuters Messaging: karen.brettell.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Citadel last week filed a claim for $470.5 million with the Lehman estate, relating to the cost of replacing derivative transactions it held with the failed bank at its Citadel Equity Fund.
A filing on Wednesday shows that the fund manager has now transferred the majority of this claim to Credit Suisse Loan Funding, a unit of Credit Suisse.
The claim is filed with the U.S. Bankruptcy Court for the Southern district of New York.
(Reporting by Karen Brettell; Editing by Chizu Nomiyama) Keywords: CITADEL LEHMAN/DERIVATIVES (karen.brettell@thomsonreuters.com; +1 646 223 6274; Reuters Messaging: karen.brettell.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
