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Alternative Market Briefing

Corzine not likely to start a hedge fund anytime soon

Thursday, September 13, 2012

From Komfie Manalo, Opalesque Asia – Troubled broker and former chief executive of bankrupt brokerage firm MF Global Jon Corzine is not likely to start his own hedge fund. At least not anytime soon, people close to him interviewed by Fox Business Network reported.

A Wall Street executive told Fox Business that Corzine is currently waiting to see how the investigation into the bankrupt MF Global unfolds and denied reports that he might start a hedge fund. The person added that Corzine might even never launch one. "I don’t think he’s going to start a hedge fund," the person was quoted as saying.

Last month, it was reported that Corzine was considering launching his own hedge fund despite being entangled with the MF Global bankruptcy. It was said that Corzine wants to rebuild his image and reputation as well as to re-establish his passion for trading by starting his own hedge fund.

MF Global filed for bankruptcy protection in early November last year after an estimated $1.6bn of its clients’ funds "vanished" without a trace. But after 10 months of investigation into the collapse of MF Global and the disappearance of ......................

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