AlphaMetrix terminates CFO as cash shortfall hits commodity fund

MF Global

“At the parent level, AlphaMetrix Group LLC is working within the capital markets to improve its short-term cash flow,” Shea said in his e-mailed statement. “Investor assets remain under the operations of AlphaMetrix LLC, which are on deposit with futures commission merchants and cash custodians and traded by independent investment advisers and commodity trading advisors in accordance with the programs and strategies chosen by each investor.”

MF Global customers, who initially had about $1.6 billion of their money disappear, have been repaid about 89 percent of what they are owed by one of the two bankruptcy trustees in that case. A separate trustee for the wind-down of the brokerage unit seeks to repay them 100 percent.

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