Sunday, August 19, 2012

Corzine's New Hedge Fund?

Jon Corzine, the man who rode MF Global into bankruptcy, will avoid federal prosecution and may open a new hedge fund.  I offer the following name advice, should Corzine act on this proposition.

MF PECKER Fund

MF comes from the firm he imploded.  PECKER is an acronym I created for private equity underwriter (PEU) trade association, intent on showing the good private equity accomplishes.  My pet name clearly incorporates their message:

Private
Equity
Capital
Knowledge
Executed
Responsibly

"MF PECKER Fund" fits a man of Corzine's talents.  Might it be as ubiquitous as PEU's?

What would people do in a crowded street when an investor offered, "My hedge fund broker is MF PECKER....?"  Vomit would be my suggestion.

Update 7-17-19:  The SEC blessed Corzine's new levered $600 million hedge fund. 

Update 8-3-19:   “Why on earth should the SEC allow him to have a license to handle customer money once again?”  Couldn't have said it better.  Corzine is back!