So far, the brokerage customers of MF Global have been “reunited” with 72% of the funds they lost access to when Corzine’s MFG went tits up on October 31st.
The WSJ reports that third parties are seeking to buy claims for the the outstanding balances. Triax Capital Advisors has offering MFG clients what works out to 88% on the dollar “to buy the customer’s claim to the remainder of their funds.”
In other words, they are paying 57 cents on the dollar for the remaining 28% still owed.
Wanted to Buy: MF Global Claims
WSJ, February 16, 2012
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