Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

Contact Details

If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

Books Worth Reading

Sponsored Listings

Risk Warning

Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

infolinks

Links

Trend Following CTA abraham investment management
Binary Options
Learn Forex Trading Online
Get a grip on forex trading with this free online course.
Tax Software

MF Global Trustee Giddens Outlines Rules for Customer Claims

From Bloomberg MF Global Brokerage Trustee Giddens Outlines Rules for Customer Claims

By Tiffany Kary – Dec 13, 2011

MF Global Inc. will distribute the remaining 28 percent customers claim they’re owed by taking “traceable” assets and putting them in pools for different types of accounts, said James Giddens, a trustee for the liquidating brokerage.
Giddens described the rules for customer claims in a 30- page document filed in Manhattan court today. Last week, a bankruptcy court judge approved the last of the so-called bulk distribution to customers, a $2.2 billion distribution which, once transferred, will allow customers to recover 72 percent of what they lost when the brokerage failed.
“‘Public customers’ of MFGI — essentially all customers with commodity accounts other than proprietary accounts of MFGI, MFGI affiliates and insiders,” will get distributions first, Giddens said in court papers. Securities customers will have pools that are separate from commodities customers, he said.
If there isn’t enough in that pool, the U.S. Securities Investor Protection Corp. provides for as much as $500,000 per customer, of which as much as $250,000 may be for customer cash deposited for securities transactions, he noted.
After the third transfer was approved Friday, Giddens had set aside more than $1 billion to deal with other claims, James Kobak, a lawyer for Giddens, said at the hearing.
MF Global Holdings, once run by former New Jersey Governor and Goldman Sachs Group Inc. (GS) co-chairman Jon Corzine, filed the eighth-largest U.S. bankruptcy after a wrong-way $6.3 billion trade on its own behalf on bonds of some of Europe’s most indebted nations.
Liquidation Regulations
Separately, the SIPC and the Commodities Futures Trading Commission filed court papers about regulations governing the liquidation.
Commodities customers “are granted the highest priority against the bankrupt broker’s estate,” and if customer property isn’t sufficient to pay all claims of public customers, “other estate property will be used to satisfy those claims,” lawyers for the CFTC wrote.
SIPC, which protects securities customers and not commodities customers, is authorized to borrow as much as $2.5 billion through the Securities and Exchange Commission should its funds be inadequate to carry out demands, according to court papers.
MF Global Holdings filed for bankruptcy to apportion returns to creditors, including bondholders and lenders such as JPMorgan Chase & Co. (JPM), while Giddens is overseeing distributions to customers at MF Global Inc. under the Securities Investor Protection Act.
The brokerage case is Securities Investor Protection Corp. v. MF Global Inc., 11-02790, U.S. District Court, Southern District of New York (Manhattan). The parent’s bankruptcy case is MF Global Holdings Ltd., 11-bk-15059, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net
To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net


Be Sociable, Share!
Add This! Blinkbits Blinklist Blogmarks BlogMemes BlueDot BlogLines co.mments Connotea del.icio.us de.lirio.us Digg Diigo DZone Facebook FeedMeLinks Folkd.com Fleck Furl Google Google Reader icio.de IndianPad Leonaut LinkaGoGo Linkarena Linkter Magnolia Mister Wong MyShare Ask.com MyStuff Ask.com Yahoo! MyWeb Netscape Netvouz Newsgator Newsvine Oneview.de RawSugar reddit Rojo Segnalo Shadows Simpy SlashDot Smarking Sphere Spurl Startaid StumbleUpon TailRank Technorati ThisNext yigg.de Webnews.de ReadMe.ru Dobavi.com Dao.bg Lubimi.com Ping.bg Pipe.bg Svejo.net Web-bg.com Plugin by Dichev.com

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>