Sunday, 23 November 2014
Last updated 1 day ago
Feb 1 2012 | 2:37am ET
Money is still missing at collapsed brokerage MF Global—but investigators now think they know what happened to it.
A Commodity Futures Trading Commission-led probe has determined what became of almost all of the customer money that disappeared as MF Global slouched towards bankruptcy last year, The New York Times reports. But authorities haven't actually recovered all of it, merely tracing the hundreds of millions of missing dollars, some of it belonging to MF Global hedge fund clients, to banks.
The CTFC isn't saying where the money wound up, as it determines the best way to try to get it back. All authorities will say is that they are making progress and have traced more than 90% of transfers.
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...