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Jon Corzine won’t likely be indicted for his role in the collapse of MF Global, says the New York Times, which also reports that Corzine bas begun to move on to other challenges:

Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth.

If he is successful as a hedge fund manager, it would be the latest career comeback for a man who was ousted from both the top seat at Goldman Sachs and the New Jersey governor’s mansion. [Emph. added]

A Corzine fund! Why didn’t he think of it earlier? I’d love to get a look at that marketing document. . . P.S. The Times seems to take a particularly expansive view of what counts as a “career comeback.” If memory serves, Corzine has gotten canned at three of his last four jobs.. . . Final, pissy aside: No mention by the Times that Corzine, who remember is under investigation by President Obama’s Justice Department, is a major fundraiser for President Obama’s re-election campaign. I would’ve thought that was relevant. . . .