If you’re an advisor or manager, it might be worth your time to check out a new whitepaper out from CalALTs (formerly California Hedge Fund Association) titled, “Best Practices. Hedge Fund and Private Equity Operations” in conjunction with their AltsLA conference.
Many were hoping that the weekend would bring some clarity to the MF Global situation. Unfortunately, things are, if at all possible, more muddled than ever. While sentiment soared upon learning the CME had brokered a deal that would unlock some of MF Global client funds, as we pointed out last week, the rejoicing was […]
To say the MF Global situation is a mess may be the understatement of the century. What began as an excuse to extol the segregated account’s safeguards against an FCM stock slide as MF Global shares lost 70% of their value in a week rapidly morphed into a full-fledged industry disaster as bankruptcy papers were […]
As testimony on Capitol Hill has continued, MF Global’s collapse has become (if possible) even more dramatic. Corzine’s strategy of pushing plausible deniability in his testimony fell apart with the testimony of the CME’s Terry Duffy, who argues that the law was broken and Corzine knew about it. At this point, the question has become […]
At this point, many of you may have heard that FCM PFGBest has been put on liquidation only by the NFA. Here’s what we know so far.
The NFA has released evidence indicating a shortfall in customer segregated funds at PFGBest. To say we’re angry, frustrated or disappointed doesn’t begin to cover it.
In light of the catastrophe unfolding at PFGBest, what plan does our government have for futures regulation? Budget cuts, if you can believe it.
Rumors are flying fast and loose as everyone tries to figure out exactly what’s going on at PFGBest. Here’s the latest in what we know, and what has yet to be confirmed.
Additional details in the PFGBest story have surfaced, and the case that the nation’s regulators have fundamentally failed in their duties grows stronger. If these allegations are accurate, the magnitude of the regulatory failure in this case is truly astonishing.
In case you missed it, PFGBest has filed for bankruptcy. We take a look at the circumstances, and what they could mean for clients.