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It aims to enrol 1,000 people in its "Futures" programme within the next 18 months, with the first 100 in place by the end of the summer.
The firm has hired Evercore Partners to help it assess strategic options, which include potentially selling its futures brokerage unit to a larger institution, according to people briefed on the deliberations.
Berkshire began the year with an unrealized $1.67 billion loss on its futures, options and other derivative contracts.
One focus of the investigations is MF Global's compliance with the record-keeping obligations imposed on its futures and securities operations.
In February 1995, Barings Bank in London collapsed as a result of deceptions practiced over three years by one of its futures traders.
PAGE A24 Refco Files for Bankruptcy Refco Inc., the giant commodities trading house, sold its futures brokerage business to an investor group and filed for bankruptcy protection.
Similar(33)
"Europe must demonstrate that it believes in its future by investing its money to secure its future".
It is time to decide its future.
Its future is uncertain.
Its future is indeterminate.
Its future is currently unclear.
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