Tag:
Amaranth
Latest Headlines
Latest Headlines
Brian Hunter speaks his mind
Fortune has caught up with Brian Hunter, the former natural-gas trader for Amaranth, which tanked in 2006 after Hunter's bets on the price of natural gas proved disastrous. He's been quiet for years, as he should be given the regulatory action he still faces. Fortune calls him an "internat
Former Amaranth trader faring much better now
Remember Brian Hunter, who went from earning $80 million as an energy trader for Amaranth to the rogue's hall of shame when his massive bets on a big fall in natural gas prices didn't turn out well? Well, after some fits and starts, he's faring much better now. Hunter joined Peak Ridge Capital
When Dimon gets involved, JP Morgan gets sued
Portfolio chides Jaime Dimon for his take-charge approach, which has led to two suits recently. The news that Amaranth has sued JP Morgan certainly generated some buzz. The suit argues that JP Morgan interfered with Amaranth's deal to sell some assets to Goldman Sachs, a "devastating" blow. A
ALSO NOTED: Is Citigroup turning around?; Nomura may exit mortgage-backed market; and much more...
Company News: > Is Citigroup turning around? Article > Wachovia expands alliance with Fidelity National. Article > Wachovia launches Web-based mobile banking. Article > U.S. Trust advisors move to UBS. Article > Nomura may exit mortgage-backed market. A
ALSO NOTED: Lawyers win in Bank of America-offered suit settlement; Amaranth sued over natural gas prices; and much more...
Company News: > Amaranth sued over natural gas prices. Article > Lawyers win in Bank of America-offered
ALSO NOTED: Big European fund to merge with U.S. special acquisition company; New York Times runs long awaited investigative pi
Company News: > Big European fund to merge with special acquisition company.
ALSO NOTED: S&P revises high yields ratings methods; CBOE adds credit derivatives; and much more...
Company News: > Rydex nears a deal. Article > Bank of America says LaSalle decision was "a
Goldman Sachs hedge fund under pressure?
Financial News Online reports that Goldman Sachs' top hedge fund has continued to lose ground even after it has hired a team of 17 traders from Amaranth. The well-known Global Alpha hedge
ALSO NOTED: Pressure mounts on CME to boost bid; More on Lazard; and much more...
Company News: > More on Lazard. Article > Pressure mounts on CME to boost bid.
Firm offers easier escape from hedge fund snafus
We haven't seen a lot of hedge fund failures --fortunately--but they do happen. Enough so that a
