Affiliate of CRT Capital Group to Hold Bi-Weekly Auctions for MF Global Claims
March 15 2012 - 4:26PM
Business Wire
CRT Special Investments LLC (“CRT Special Investments”), an
affiliate of CRT Capital Group LLC (“CRT”), today announced that it
will hold twice weekly auctions for MF Global Trade Claims. CRT is
a Stamford-based broker-dealer that has serviced institutional
customers for more than 20 years.
CRT Special Investments, which provides research and information
on trade claim opportunities to customers and investors, will give
holders of 4d, 30.7 or securities account claims the opportunity to
auction their claims for the highest price, with a minimum equal to
what is currently being offered by other market participants.
“There are a number of firms offering to buy claims, but none
have so far provided a transparent, fair mechanism to offer
customers both attractive liquidity and the highest possible
return,” said Joe Sarachek, Managing Director of CRT Special
Investments. “By offering twice weekly auctions, we are able to
leverage our industry leading expertise and in-depth understanding
of the MF Global bankruptcy process for the benefit of
customers.”
CRT Special Investments, which was one of the first market
participants involved in trading MF Global claims, has the
expertise and knowledge of the market to not only offer liquidity
to customers looking to sell, but also to structure loans and
settlements for those customers who do not yet wish to sell their
claims.
For information on the auction process, or to receive CRT’s
market leading research on the MF Global bankruptcy proceedings and
trade claims, please contact Joe Sarachek at (203) 548-8062 or
jsarachek@crtllc.com, or Brad Schwab at (203) 548-8063 or
bschwab@crtllc.com.
About CRT Special Investments LLC
CRT Special Investments LLC, which is an affiliate of CRT
Capital Group LLC, help clients identify alternative investment
opportunities that have the potential to earn enhanced returns with
a focus on identifying, structuring and executing
bankruptcy-related investment opportunities, including preference,
administrative and unsecured trade claims, DIP financings, exit
financing and other structured products.
About CRT Capital Group LLC
CRT provides security brokerage and research services to over
1,200 institutional accounts with established counterparty
relationships around the world. The firm caters to asset managers,
insurance companies, pension funds, hedge funds and investment
firms. CRT was founded in 1989 and is headquartered in Stamford,
Connecticut. For more information, please contact John Nielsen at
(203) 569-4316 or jnielsen@crtllc.com.