Elliott Quits MF Global Creditors Committee

Jul 3 2012 | 1:20pm ET

Elliott Management has sold its MF Global debt and resigned from the bankrupt futures brokerage's creditors committee.

Elliott's move comes after it successfully won the right last year to both sit on the committee and continue to trade MF Global securities. But it has sold its position, indicating that there remains an active market for the collapsed firm's debt.

The hedge fund has been replaced on the creditors committee by JE Meuret Grain Co.

MF Global went under in October due to its exposure to European debt.

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