What happened to RCG? They have lost almost 300 million in just 2 months

Quote from Chicago_CTA:

OP,
you're ignorant on this matter... What you should pay attention to, in my view, is the operating capital and excess capital...It's really not a big deal.
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X 2, Agree Completely.
 
Quote from Chicago_CTA:

OP,
you're ignorant on this matter. That's not a big fluctuation. For all you know, some of their institutional clients have been long stock index futures, and taking a hit.

What you should pay attention to, in my view, is the operating capital and excess capital.

I would view, perhaps a 50%+ decline in Cust. Seg. Funds as perhaps indicative of a bigger problem, but these numbers fluctuate greatly.

I cleared through MF Global while their Cust. Seg. Funds fell from about $10bb to ~$8bb.

It's really not a big deal.
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Taking a hit on june 30? (SPX at 1340)
Just curious to see the next report

Anyway RCG has never seen a negative "fluctuation" like this in his history
 
Quote from Ares:

Anyway RCG has never seen a negative "fluctuation" like this in his history
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It actually has absolutely NOTHING to do with Rosenthal Collins Group. It has to do with hedge funds and CTA's getting redemption notices from clients. Get a fucking clue, please. You are building a mountain out of a mole-hill, and IMO you are smearing a great firm with solid financials and good management.
 
Quote from zdreg:

by coincidence or what info. prompted your move?
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I was attempting to make a joke.. I still have an account with them, although they're not my primary broker.

Frankly, I don't share the OPs concern... Nothing to worry about!
 
Don't put ALL your eggs in one basket is a very true statement.

P.S. there used to be a RCG girl posting pretty pics on here. No connection prolly tho.
 
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