Sun, Aug 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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 ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner