Last Wednesday, market maker Knight Capital (ticker: KCG) experienced a major computer glitch in its trading software, sending numerous erroneous orders of NYSE-listed stocks into the market and causing a $440 million loss for the firm. But the firm announced a $400 million rescue deal Monday, with investments from Jefferies Group, Blackstone, GETCO, and brokerages Stephens, Stifel Financial Corp., and TD Ameritrade.
Despite the positive sign, the company’s stock has declined 70 percent since last Tuesday, exposing several mutual funds to the losses. Just today, it's down 24 percent. Here is a list of KCG’s major mutual fund holders:
0 comments
Hide comments