Mon, Mar 27, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He