FYI: Ten years ago this Saturday, Lehman Brothers collapsed in what was, and still is, the biggest bankruptcy in history.
Among many other things, the bankruptcy left in limbo Lehman's three exchange-traded notes (ETNs): the Opta Lehman Brothers Commodity Index (LBCI) Agriculture Pure Beta Total Return Index ETN (EOH); the Opta S&P Private Equity Index Net Return ETN (PPE); and the Opta LBCI Pure Beta Total Return Index ETN (RAW).
EOH, PPE and RAW were never investor darlings. Between the three of them, they only had $13.5 million in assets under management when Lehman filed for bankruptcy.
Regards,
Ted
https://www.etf.com/sections/features-and-news/lehman-bros-etn-fallout?nopaging=1
