Browsing: MF Global

Posts Tagged ‘ MF Global ’

Til and Heckinger on Commodity Debacles, Part II

Aug 6th, 2017 | Filed under: Due Diligence Process, Newly Added, Personalities in AI, Risk Management & Operations

A new paper available at SSRN looks at two infamous commodity industry melt-downs: Amaranth and MF Global. It offers a diagnosis of each. The paper is co-authored by Hilary Till, of EDHEC – Risk, and Richard Heckinger, of the Working Group on Financial Markets, Federal Reserve Bank of Chicago. InRead More

Is Liability Insurance an Estate Asset in Bankruptcy?

Sep 16th, 2014 | Filed under: Derivatives, Insolvency, Legislation/Court rulings

The Manhattan bankruptcy court has now granted individual defendants in the MF Global matter, including Jon Corzine, access to funds from their D&O insurance. But it wasn't easy for them to get here, and therein lies our moral. Read More

In-house [Im]Prop[er] Trading: Proceed with Caution

May 29th, 2014 | Filed under:

Guest columnist Ginger Szala looks at the conflicts of interest in trading. Read More

MF Global Report: Full Recovery Still Iffy

Nov 19th, 2012 | Filed under: Commodities

If a trial set for April 2013 in the U.K. doesn't go the way trustee James Giddens wants, the U.S. customers of MFGI whose interests he represents may be out of luck with regard to some portion of their lost money, subordinated to the claims of other creditors.Read More

After Peregrine: Examining the Logical Space for SROs

Aug 21st, 2012 | Filed under: Commodities

The Senate committee's witnesses on August 1 included Gary Gensler, chairman of the Commodity Futures Trading Commission, Dan Roth, president and CEO of the National Futures Association, Ira Bodenstein, chapter 7 Trustee of Peregrine Financial, and Walt Lukken, president and CEO of the Futures Industry Association. Read More

When the Boss is the Rogue Trader

Feb 15th, 2012 | Filed under: Commodities, Risk management

The Global Association of Risk Professionals has surveyed risk managers, analysts and academics to get a sense of the implications of the demise of MF Global Holdings for the role of risk managers. Its findings add to a growing sense that the firm’s last chief executive, Jon Corzine, a former New Jersey Governor and U.S. Senator, was an edge-dwelling trader at heart, eager (as Dealbook put it in an analysis in December) to play a “hands-on role in the firm’s high-stakes risk-taking;” indeed, a man enmeshed in a “romance with risk.”Read More

What Were They Thinking? From MF Global to Raj & Bernie to LTCM…

Feb 7th, 2012 | Filed under: Hedge Fund Operations and Risk Management, Risk management

The right question is not what were they thinking, but what were they feeling? Get organized about detailing what feelings are being acted out and you’ve landed on the missing link in risk prediction.Read More