Sun, Oct 4, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

ASM Capital announces plans to purchase MF Global customer claims

Tuesday, February 21, 2012
Opalesque Industry Update: ASM Capital, one of the largest domestic purchasers of bankruptcy claims, recently announced its intent to purchase investor claims in the MF Global Securities Investor Protection Act (SIPA) liquidation.

“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


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  2. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  3. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  4. Comment - Cash and hedge funds are king[more]

    From For years we've argued that, given heightened uncertainty, a preferred portfolio posture is to barbell between cash allocations, which provide valuation optionality and mitigate unanticipated shocks, and long-short equities hedge funds that reduce "beta", or index risks, while leaving

  5. Europe - Russia has been gold for hedge funds this year[more]

    From Judging by the headlines, Russia may look like a nation in turmoil. Investors, though, don't seem to mind. In fact, for hedge funds, Russia has been one of the biggest and best stories of 2015, turning in the only positive performance among all emerging market strategies and crushing