In the News March 29, 2012

The Wall Street Journal Quotes Willa Bruckner about Collateral Concerns after MF Global Bankruptcy

In a special survey following the disappearance of $1.6 billion in the days before MF Global filed for bankruptcy, the Federal Reserve found that hedge funds and institutional investors want their collateral held by a third party.

“The feeling is that it’s safer if it’s held by a third party,” said Willa Bruckner, partner in the firm’s Financial Services & Products Group. “The dealer can’t be taking it and using it in their own business.”
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