Hedge Fund With Big Loss Says It Will Close
Amaranth Advisors, the $9.2 billion hedge fund that lost $6.5 billion in less than a month, is preparing to shut down. Nicholas Maounis, the founder of the hedge fund, sent a letter to investors last night informing them that the fund was suspending all redemptions for Sept. 30 and Oct. 31, to “enable the Amaranth funds to generate liquidity for investors in an orderly fashion, with the goal of
