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It adds insult to injury. Hedge funds don’t just have $65bn of positions stuck in the wreckage of Lehman Brothers, the fallen US investment bank. They now also have to meet margin calls on those positions - even if they don’t know where they are or if they can be recovered. The margin calls are adding to the strain on hedge funds. Some may want to close but cannot because they don’t know what assets they have left in Lehman. Overall, the extraordinary mess is contributing to th...