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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…