MF Global Decline Leaves Tisch’s Ex-Stock Picker Fine Down

Debra Fine, a former stock picker for the late Laurence Tisch, has lost more than 70 percent of her investment in MF Global Holdings Ltd. after increasing her stake just before the shares collapsed.

Fine Capital Partners LP and its affiliates spent about $21.2 million to purchase 4 million MF Global shares from Aug. 5 through September, according to regulatory filings. Fine’s hedge fund, based in New York, now ranks as MF Global’s second-largest outside shareholder, with a 7.4 percent stake, trailing only RS Investments of San Francisco, according to data compiled by Bloomberg.