Trader Plans New Fund As Amaranth Faces Lawsuit

Evening Standard - London › April 02, 2007

Linked as:

Summary

HEDGE fund Amaranth, whose collapse sent shock waves through the industry, is being sued in California by the San Diego County retirement fund for securities fraud, even as the trader who caused its downfall is seeking to raise more than Pounds 400 million for a new fund.

It is the first investor-led action against the firm since it buckled under the weight of $6.6 billion (Pounds 3.4 billion) in debts last September.

See the full content of this document

Extract

Trader Plans New Fund As Amaranth Faces Lawsuit

Amaranth was worth more than $9 billion at its pea...

See the full content of this document