US fund Amaranth hit by $6bn loss

Risk staff
01 Oct 2006

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Amaranth Advisors, a US-based multi-strategy hedge fund manager, suffered close to a $6 billion loss in September after huge concentrated positions in the natural gas market went awry. The losses have forced the Connecticut-based firm to sell its energy portfolio to Chicago-based hedge fund Citadel and JP Morgan.

The speed at which Amaranth's energy derivatives portfolio, managed by Calgary-based co-head of energy Brian Hunter, notched up mark-to-market losses has taken investors by surprise: on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.