Sunday, September 2, 2007

oh, those energy markets...

"Amaranth Advisors, the $9.2 billion hedge fund that lost $6.5 billion in less than a month, is preparing to shut down. Nicholas Maounis, the founder of the hedge fund, sent a letter to investors last night informing them that the fund was suspending all redemptions..."

"...Amaranth is only one of 9,000 hedge funds that collectively manage an estimated $1.2 trillion in assets -- a size and scope undreamed of a decade ago."

Uploaded by courtneyBolton on 12 Oct 06, 2.15AM IST.
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