MF Global, the holding company for the broker-dealer run by ex-Goldman Sachs Group Inc. , was a primary dealer in US Treasury securities until 31 October 2011. The company filed for bankruptcy protection, becoming the fifth-largest financial-industry public company bankruptcy by assets. Its stock plunged 67%, quarterly losses hit record, and its European debt exposure was revealed. In the April-June period, MF Global’s loss was $186.6 million. Its debt was downgraded to junk status. There were concerns about its $6 billion portfolio of European debt. Shares of MF Global Holdings Ltd. were halted trading early Monday.
Investors in Singapore scrambled to withdraw their funds from the firm. Many were locked out of their investments. Certainly, investors now may worry about the return of their money than the return on their money. Many big investors in MF Global shared the same fate. They held fairly large stakes in the beleaguered brokerage firm. The firm’s collapse made many investment firms stand to lose. How many shares did they lose?
Guardian Life Insurance's RS Investment Management: 12,879,811 or 7.81% (as of 6/30/2011)
Fine Capital Partners: 12,157,645 or 6.17% (as of 9/30/2011)
Cadian Capital: 10,180,286 or 6.17% (as of 6/30/2011)
Dimensional Fund Advisors: 8,920,497 or 5.41% (as of 6/30/2011)
Westfield Capital Management: 6,005,691 or 3.64% (as of 6/30/2011)
Turner Investment Partners: 4,290,232 or 2.6% (as of 6/30/2011)
BlackRock Institutional Investors: 4,158,731 or 2.52% and BlackRock Fund Advisors: 3,883,571 or 2.36% (as of 6/30/2011)
Keeley Asset Management: 2,698,799 or 1.64% (as of 6/30/2011)
Samlyn Capital: 1,992,961 or 1.21% (as of 6/30/2011)
Sheffield Asset Management: 1,168,577 or 0.72% (as of 6/30/2011)
MF Global bankruptcy