Wednesday, September 27, 2006
Amaranth update
Interesting. Things could have been worse.Bloomberg.com: U.S.: "The New York Mercantile Exchange told Amaranth Advisors LLC that the hedge fund's natural gas bets were too big a month before the trades led to a $6 billion loss, said two people with knowledge of the meeting.Amaranth unwound some of its natural gas positions after the warnings, according to the people, who asked not to be named
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