Five years ago, the historic bankruptcy of Lehman Brothers became a landmark event of the financial crisis. The rest of the wave still affects today, but a group of hedge fund companies can find opportunities to make big money from this fallen giant. According to Reuters, due to the rebound in the price of Lehman Brothers' regulated assets and the success of lawsuits against other departments of Lehman Brothers, Lehman Brothers' European creditors may receive 100% compensation sometime next year. This is in sharp contrast to people's anxiety about how much compensation they can get before. For some hedge funds, Lehman bankruptcy has become one of the most profitable businesses after the financial crisis. After the collapse of Lehman in 2008, some creditors didn't want to spend time waiting for compensation, otherwise they might actually get nothing. Therefore, some fund companies are willing to buy the creditor's rights in their hands and send teams to study Lehman's balance sheet to find out the potentially valuable assets that can be bought at a discount. A few weeks after Lehman Brothers went bankrupt, its debt price was only 65,438+00% of the original value. But now with the recovery of assets, the price of Lehman Brothers' creditor's rights in the secondary market or "gray market" has reached 120- 135%. According to company and court documents, the Wall Street Journal paid billions of dollars to investors, including Elliott Management LP and Paulson &; Company. Paulson accumulated more than $654.38 billion in Lehman Brothers bankruptcy claims, while Elliot earned more than $700 million. Elliott manages about $26,543.80 billion in assets, and is one of Lehman's major brokerage clients. He bought Lehman's creditor's rights with a face value of $587 million within two months of 2065,438+065,438+0. Paulson Fund began to buy bonds from Lehman Brothers on the day it filed for bankruptcy. At the end of 2008, the purchase price paid was only 7.5% of the face value of the bonds, and Paulson invested more than $4 billion in Lehman's creditor's rights. Solus Alternative Asset Management initially purchased some claims of Lehman Brothers Specialty Finance at a face value of about 20%, and now the value of these claims exceeds 55% of the face value. Since Lehman's compensation plan came into effect at the beginning of 20 12, nearly 50 billion dollars have been paid to creditors.