Three fund firms may be hit hard by
Lehman's Brothers' collapse.
Bloomberg reports that
Pimco,
Vanguard and
Franklin Advisers face collective losses of more than $86 billion on Lehman's bonds. Citing SEC filings, the pub says Pimco holds Lehman bonds in at least 12 of its funds, star fund manager
Bill Gross was buying Lehman bonds as recently as June. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE