Monday, 22 December 2014
Last updated 26 min ago
Jun 6 2013 | 10:37am ET
Former Federal Bureau of Investigation Director Louis Freeh's work as bankruptcy trustee for MF Global Holdings is done.
Freeh formally ended his role in the collapsed futures brokerage's liquidation on Tuesday, transferring his responsibilities to a new three-person board of directors. Control over outstanding lawsuits—including against former MF Global CEO Jon Corzine—was transferred to a litigation trust.
Freeh's exit comes after a deal with MF Global's hedge fund creditors, which was approved by a bankruptcy court in April, and agreements last year with two other bankruptcy administrators.
"I am confident the liquidation process can be effectively administered to the satisfaction of creditors," Freeh said.
MF Global collapsed in October 2011 after more than $1 billion in customer money went missing.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.