Hedge Funds Looking for Life After Lehman

Contrarian, Paulson, Stone Lion and others consider what will happen once some of the biggest bankruptcy deals in history wind down.

The Lehman Brothers Holdings bankruptcy has been a gold mine for many large hedge fund firms. So have the infamous downfalls of MF Global and the Madoff estate and the misfortunes at Eastman Kodak Co. Bankruptcy claims are one of the few high-yielding debt instruments out there these days.

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