Lehman Brothers International (Europe), where more than $35bn of hedge fund assets have been frozen since the bank’s collapse last September, could return about $11bn to fund managers by March if enough firms approve a new plan, reports Reuters. PricewaterhouseCoopers, administrators for bankrupt Lehman’s UK-based unit, announced on Monday a proposal that would let hedge funds recover their assets held in custody by LBIE. The scheme requires approval by 90% of Lehman’s clients.