Who is James Koutoulas and how did the 30-year-old commodities investor end up leading the charge to recover $1 billion for customers from one of Wall Street's biggest bankruptcies? According to Fortune’s Leah McGrath Goodman, James Koutoulas walked into one of the worst bankruptcies in U.S. history with almost zero legal experience…
Koutoulas, 30, CEO of three-year-old commodities fund Typhon Capital Management, stumbled into the courtroom drama accidentally. His Chicago firm, which conducts the bulk of its business in the futures market, discovered shortly after MF Global's bankruptcy that $55 million of its $70 million under management had been dragged into the proceedings.. For Koutoulas and tens of thousands of other MF customers, it was a rude awakening.
…In early November, Koutoulas, along with fellow Chicago futures trader, John Roe – son of Tennessee Republican congressman Dr. Phil Roe – founded the Commodity Customer Coalition, a grassroots group that seeks to represent the complex legal interests of MF Global's former clients. In the space of just a few weeks, the group has amassed more than 8,000 members, received tens of thousands of dollars of donations and singlehandedly proven that enough people, when banded together, can change the course of a multibillion-dollar bankruptcy….
Read more at http://finance.fortune.cnn.com/2011/12/02/james-koutoulas-mfglobal-bankruptcy/
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