The big news this week has been the failure of the hedge fund Amaranth. Reports are stating that, in just a few days, the fund’s value fell about 50% from a high of $9.5 Billion. The fund is down “just” 35% on the year, thanks to a nice 25% gain last month. Most of the funds early gains and eventual losses were from heavy bets on natural gas derivatives.
At this level, many expect the fund to break up. The quick liquidation of the Amaranth’s assets (and everyone else who is worried by it) is playing havoc on the markets. Here is some interesting coverage I’ve come across:
Continue Reading 3 comments Wednesday, Sep. 20, 2006
by Jason
