Corzine Plans to Shut Hedge Fund and Return Capital to Investors

Jon Corzine will shutter the hedge fund he started after the collapse of MF Global Holdings, marking the end of his bid to rebound from one of the largest bankruptcies in US history.

JDC-JSC, Corzine’s New York-based money-management firm, terminated its registration with the Securities and Exchange Commission as of Sept. 22, according to the agency’s website. The firm’s lone investment vehicle, the JDC-JSC Opportunity Master Fund, had gross assets of about $510 million, including leverage, at the end of last year.

Jon Corzine

Photographer: Victor J. Blue/Bloomberg

“I have decided to wind down the Opportunity Fund and return capital to my ...