•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

“It is estimated that at least $1.2 billion of investor cash was unaccounted for when futures commodity broker MF Global collapsed at the end of October. Initial indications are that there were over 38,000 customer accounts over which this loss was spread, and to date these accountholders have received around 72 percent of the cash that they were holding in their accounts,” said ASM Capital’s Managing General Partner Adam Moskowitz.

To assist MF Global customers, ASM Capital is providing an upfront payment with a recovery sharing option that will allow those who sell their MF Global claims to share in any upside. ASM Capital has extensive experience in investing in the obligations of companies in bankruptcy. The company has purchased hundreds of millions of dollars in claims and provided liquidity to thousands of creditors during the past 12 years, including the Bernard L. Madoff Investment Securities liquidation case.

“Customers who are owed money by MF Global should contact us for details on how we would purchase the claim and provide immediate liquidity with a 3-5 day turnaround. Our in-house team includes experts in bankruptcy law, financial analysis and bankruptcy administration who know how to navigate the highly specified purchasing process and understand the bankruptcy system,” Moskowitz said.

ASM Capital

Press Release

BM