Daily News: February 10, 2014

WSJ: Knighthead Wants More Transparency of MF Global Liquidation Fees

The Wall Street Journal reported Knighthead Capital Management says it is “extremely troubled” by a lack of transparency for millions of dollars of fees charged in the liquidation of MF Global.

According to the Journal, Knighthead, a New York hedge-fund manager specializing in distressed investments, is calling for more disclosure of the fees charged by the consultants and other nonlegal professionals that trustee James W. Giddens hired to help him wind down the defunct broker-dealer. Knighthead says those fees may be as much as $200 million, the Journal said further.

To read the entire WSJ article, click here.

Previously on abfjournal: MF Global Administrator Calls Corzine’s Defense Costs ‘Exorbitant,’ October 16, 2013