Jon S. Corzine, the embattled former MF Global Holdings Ltd. chief executive and ex-chairman of Goldman Sachs Group Inc., has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter. The fund would start with cash from Mr. Corzine’s personal wealth and a handful of outside investors. Mr. Corzine said he had been speaking with about a half-dozen potential investors, and projected around $150 million in assets under management, one of the people said. The plans are tentative and could evolve or fall apart in coming months. But a launch would mark an unlikely return to high finance for Mr. Corzine, the 68-year-old former Democratic U.S. senator and New Jersey governor who has stayed out of the limelight since commodities brokerage MF Global declared bankruptcy in 2011. http://www.wsj.com/articles/jon-corzine-considers-launching-hedge-fund-1429484718
These people are like vermin. They literally cannot be kept away as long as they're living and breathing.
I second that. Whatever his achievements at GS he miserably failed later on as both politician and business man. But I guess there will always be investors who make too easy money and who do not believe in track records whether positive or negative. What I am really curious about is what metrics they use to evaluate good investments.
Shouldn't he be behind prison bars giving financial advice to the other inmates? Wasn't there enough proof of fraudulent activities at MF Global? Allegedly.
Allegedly is the keyword here, lol. If you are part of the top 1-2% then your lawyers can do a lot. If you belong to the lower class then you will be booked for smoking a joint. Funny world.
As a big money bundler for the Dems, he won't be prosecuted until the current bumbler is no longer in office.
The fact that a former CEO of Goldman is contemplating launching a fund with only 150mm (and that mostly his own money) should tell you that there isn't a lot of confidence in him.
The great thing about his new hedge fund is that you don't even need to transfer or wire money if you want to invest. It just evaporates out of your bank account! #FreeCorzine