MF Global Trustee Freeh Steps Down

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note