Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with