Corzine To Start Hedge Fund (Why?)

FORTUNE — Jon Corzine is “weighing whether to start a hedge fund,” according to a NY Times article that also says the former MF Global boss is unlikely to face criminal charges for his role in the brokerage firm’s collapse. Somewhere, the ghost of P.T. Barnum must be smiling.

This defies explanation. Maybe he’s trying to raise money to pay his legal fees. I think he should read Nassim Taleb’s article first, “Why It is No Longer a Good Idea to Be in The Investment Industry.” From what I recall about Corzine’s time at Goldman is that he was lucky.

Here are some suggested names for his new fund, taken from Zero Hedge and elsewhere:

Fahrenheit 451 Capital

BOHICA Capital

Quicksand Partners

Perpetual Presidential Immunity Fund LLC

Corzine Madoff Defunding LLC

Black-Hole Investments

Sayonara Capital

Falling Knife Credit Opportunity Fund Ltd 

Long Term Capital Mismanagement Fund

Corzine, Madoff, Merton & Merriwether Investors

Any suggestions?

EmailPrintFriendlyShare

6 comments to Corzine To Start Hedge Fund (Why?)