Touradji Capital Sued by Amaranth
| September 28th, 2009 | ||
| Amaranth Advisors, the now defunct hedge fund that collapsed in 2006 after losing more than $6 billion on natural gas futures, is suing Touradji Capital and its founder Paul Touradji, claiming breach of contract and misuse of trading strategies, according to New York Times’ Deal Book. The suit centers on the base-metals portfolio Touradji purchased from Amaranth as Amaranth was winding down in 2006. Amaranth alleges that Touradji committed fraud by misappropriating trade secrets in order to unjustly profit. | ||
See Source | ||
For Detailed Investor Profiles on these Investors, click below: |
Touradji Capital Management |
Amaranth Advisors* |
Related People: Brian Hunter*;
Related Entities: Amaranth Global Equities LLC*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
Add a Comment |
More Recent Headlines
7 Questions with Man Investments' John Rowsell |
Shareholders Must Put an End to Decoupled Pay-for-Performance |
Phil Falcone’s Harbinger Capital to acquire SkyTerra |
Vicis Capital reports YTD losses of 12%, Suspends Redemptions |
Absolute Return Partners announces Energy and Carbon Focused NEAS Power Fund |
HP's Executive Comp Is Troubling in a Year of Worker Pay Cuts |
Hedge Funds and the adoption of Cloud Computing Systems |
Tyrus Capital Announces Official Launch Date |
Arcadia Capital sides with Steel Partners in Proxy Battle against Adaptec |
Brevan Howard, Carlson Capital and Eton Park add to Investment Teams |
