Refco LLC

• PlusFunds Sale, Bankruptcy, Add to Refco Soup

  By Staff Writer  |  March 13, 2006

  NEW YORK (HedgeWorld.com)--After trying unsuccessfully to find an investor or buyer for its beleaguered hedge fund business, PlusFunds Group Inc. has reached a deal to sell itself to FTVentures, a private equity firm that focuses on investing in companies that serve the financial services industry. As part of the deal,...

• Refco's Lessons Learned?

  By Staff Writer  |  November 14, 2005

  CHICAGO (HedgeWorld.com)--Picking through the rubble of the Refco meltdown has turned up some positives, chief among them the degree to which communication among clearing firms, exchanges and regulators on both sides of the Atlantic kept the financial chicanery involving Refco's books from destroying the firm's regulated futures commission merchant and...

• Analyst Sees Detection-Software Lesson in Refco Collapse

  By Staff Writer  |  October 31, 2005

  NEW YORK (HedgeWorld.com)--A senior analyst with Celent Inc. believes that the Refco collapse, and the still-uncertain role played in it by the hedge fund Liberty Corner Capital Strategy LLC of Summit, N.J., points to the need for the use of up-to-date technology in the management of counter-party risks. Refco Inc.,...

• Refco & Flowers in 'Advanced Negotiations'

  By Staff Writer  |  October 18, 2005

  NEW YORK (HedgeWorld.com)--Refco Inc. announced Monday (October 17) that it is in advanced negotiations with a group of investors for the sale of Refco's futures brokerage business, conducted through Refco LLC, Refco Overseas Ltd., and Refco Singapore Pre. Ltd., as well as related subsidiaries. The group pursuing a purchase is...