Tue, Mar 20, 2018
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From FT.com: Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/Streetinsider.com: Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t