Saturday, 22 November 2014
Last updated 1 day ago
Oct 27 2011 | 6:42am ET
Just four years after spinning off from hedge fund giant the Man Group, futures brokerage MF Global Holdings hired a pair of investment banks to consider selling itself.
The New York-based firm's board yesterday hired Evercore Partners and another, unidentified adviser, The Wall Street Journal reports. The move comes just a year-and-a-half after MF Global named former Goldman Sachs CEO and New Jersey Gov. Jon Corzine its CEO.
Corzine has pushed to transform MF into a proprietary trading house. Investors have been less-than-impressed with the results, with the firm's stock price plummeting and its bond rating following due in part to its $6.3 billion in exposure to European sovereign debt, trades overseen by Corzine.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...