As Mf Global Troubles Grow, Some Clients Move Money Away

Summary

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CHICAGO/NEW YORK (Reuters) - Some customers are moving money away from struggling futures brokerage, according to hedge funds, rivals, and analysts, though the extent of the outflows is unclear.

Any substantial departures will likely put further pressure on MF Global Chief Executive Jon Corzine, a former New Jersey governor and former head of Goldman Sachs, to sell all or part of the company.

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As Mf Global Troubles Grow, Some Clients Move Money Away

MF Global, whose shares slumped 15.9 percent on Thursday [Oct. 27] and have lost more than 60 percent of their value this week, had been trying tofrom a brokerage that mainly places customers' trades on exchanges into an investment bank that bet with its own capital.

But its bets on bon...

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