Wednesday, 3 September 2014
Last updated 12 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...