{"id":3472,"date":"2005-10-17T00:00:00","date_gmt":"2005-10-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-shiver-at-refco-trading-freeze-black-enterprise","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2005\/hedge-funds-shiver-at-refco-trading-freeze-black-enterprise.html","title":{"rendered":"Hedge Funds Shiver at Refco Trading Freeze &#8211; Black Enterprise"},"content":{"rendered":"<p>The global hedge fund industry was preparing for a bloody nose today as the crisis engulfing US futures and derivatives trader Refco halted business in its biggest unit.<\/p>\n<p>The embattled group has begun winding down Refco Securities, a regulated broker in America&#8217;s multibillion-dollar debt market. Refco Securities accounts for more than half the group&#8217;s gross revenues,the company stated in its prospectus for its August flotation.<\/p>\n<p>Refco has also frozen customer accounts for 15 days in another US subsidiary, Refco Capital Markets, as the crisis sparked by fraud accusations threatens to drag it under.<\/p>\n<p><a href=\"http:\/\/www.blackenterprise.com\/yb\/ybopen.asp?section=ybbf&amp;story_id=84156576&amp;ID=blackenterprise\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global hedge fund industry was preparing for a bloody nose today as the crisis engulfing US futures and derivatives trader Refco halted business in its biggest unit. The embattled group has begun winding down Refco Securities, a regulated broker [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3472","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3472"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3472\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}