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Opalesque Exclusive: SEB sees surge of hedge fund business, has Eur64m exposure to Lehman By Benedicte Gravrand, Opalesque London: With the collapse of Lehman, Morgan Stanley losing a third of its prime brokerage assets, and other prime brokers suffering losses, some are ripping the benefits.

Among them is SEB, which has seen a sudden surge of assets from hedge funds of late. Opalesque learned at yesterday’s SEB Enskilda Nordic Hedge Fund conference in London that a lot of them, who may have had just a small part of their business allocated to SEB (such as 5%), have increased their holdings by several folds. SEB’s exposure to the credit crisis has been minimal so far. Corporate website: Source

SEB's exposure towards Lehman Brothers SEB's own total credit exposure towards the Lehman Brothers Group, which parent company today filed for bankruptcy protection, amounts to EUR 64 million (US$89m) at current foreign exchange and market levels. No part of the exposure is related to shares or subordinated debt issued by Lehman Brothers.

SEB is a North European financial group offering universal banking services in Sweden, Germany and the Baltic countries. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence in another ten countries. On 30 June 2008, the Group's total assets amounted to SEK 2,......................

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