MF Global Customers Finally See Funds Returned

HFA Padded
Mark Melin
Published on
Updated on

Customers who deposited their assets at the brokerage firm MF Global Holdings Ltd (OTCMKTS:MFGLQ) will receive all their money back after it was initially “lost.” After a nearly half year battle, the majority of the money was “found” in 2012, much of it at JPMorgan Chase & Co. (NYSE:JPM). A trade that ultimately was a winner but starved the company of cash MF Global Holdings Ltd (OTCMKTS:MFGLQ) was operated by former New Jersey US Senator and Governor Jon Corzine, who also was briefly president of Goldman Sachs Group Inc (NYSE:GS). Corzine made a highly leveraged bet on sovereign debt at…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.