PDA

View Full Version : Hedge Fund Loses $3 Billion Amidst Energy Downturn


Hobbs
09-20-2006, 03:20 AM
Nine-billion-dollar hedge fund Amaranth Advisors told investors yesterday that it had lost $3 billion during the recent drop in energy prices.

Enormous losses at one of the nation's largest hedge funds resurrected worries yesterday that major bets by these secretive, unregulated investment partnerships could create widespread financial disruptions.

http://www.nytimes.com/2006/09/19/business/19hedge.html?_r=1&ref=business&oref=slogin

Jaws
09-21-2006, 11:28 PM
Total losses at Amaranth are said to be approaching $7 billion as of late Thursday afternoon.