Tuesday, 31 March 2015
Last updated 13 hours ago
Apr 25 2008 | 11:38am ET
MF Global, the former derivatives brokerage of Man Group, is turning to its last resort.
The firm, beset with losses and a plummeting stock price since a trader lost $141.5 million on “unauthorized” wheat trades in February, is in talks with private equity firms about selling $200 million in convertible debt.
MF Global has approached at least three p.e. firms, Bloomberg News reports, and is being advised by Lazard.
In the wake of the wheat trading loss, MF Global CEO Kevin Davis said the firm was reluctant to issue convertible bonds.
“We have no plans to issue convertible debt,” Davis said on Feb. 28. “We would regard that as being a last result.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…