Amaranth Advisors* - Investor Profile
|NA||Total AUM ($MM):||NA|
|Greenwich, CT 06831||Equity AUM ($MM):||NA|
|United States||Investment Style:||Multi-Strategy|
|Phone: NA ||Orientation:||Active|
|Investor Type:||Hedge Fund Manager|
Institutional Investor Background
Amaranth Advisors* was a hedge fund manager that was spun-off of Paloma Partners in September of 2000. Nicholas M. Maounis, who now runs Verition Fund Management, was the managing member of the firm.
In September 2006, Amaranth collapsed after losing $4.6 billion in a single week ($6.6 over the course of the month) from a huge natural gas futures bet. The fund once managed over $9.5 billion and was the largest hedge fund collapse in history at the time.
Amaranth served financial institutions, pension plans, endowments, foundations, and high net worth individuals. The firm had offices in Greenwich, Houston, Toronto, London and Singapore.
Investor Regional and/or Country Focus: Global, North America
Founders and Key Executives of Amaranth Advisors*: Nicholas Maounis*; Manos Vourkoutiotis*; Brian Hunter*
Entities related to Amaranth Advisors*: Amaranth Capital Partners LLC*; Amaranth Global Equities LLC*; Amaranth Global Securities Inc*; Amaranth International LLC; Amaranth LLC*; Paloma Securities LLC*:
|Verition Fund Management LLC|
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.
Articles Related to Amaranth Advisors*
|Date: April 29th, 2011|
|In the first application of its new enforcement capability, the Federal Energy Regulatory Commission (FERC) finally acted on its finding that a former...|
|Date: October 20th, 2010|
|Nicholas Maounis, whose hedge fund Amaranth Advisors collapsed in 2006 with an infamous $6.6 billion in losses, has recently hired Manos Vourkoutiotis,...|
|Date: October 8th, 2010|
|Proposed short selling disclosure regulations announced in the week before last by the European Commission (EC) are too stringent and threaten market...|
|Date: June 15th, 2010|
|The Wall Street Journal has put together the best history of hedge funds I have found so far. They start with the legendary Fortune Magazine editor,...|
|Date: February 3rd, 2010|
|Do hedge funds have an impact on energy trading?While the answer might seem intuitive, the debate as to whether they actually do has come to resemble...|
|Date: November 18th, 2009|
|Amaranth Advisors, the now-defunct hedge fund that collapsed in 2006 after losing more than $6 billion on natural gas futures, has withdrawn its case...|
|Date: 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...|
|Date: August 6th, 2008|
|Dow Kim, the former head of trading and investment banking, left Merrill Lynch to start Diamond Lake, a multi-strategy hedge fund. The fund would receive...|
|Date: May 14th, 2008|
|Nicholas Maounis ex manager of the Amaranth Advisors LLC is planning
on starting a new hedge fund called Verition Fund Management LLC.
|Date: November 29th, 2007|
|Citadel is rapidly emerging as a cash machine for distressed financial firms. After helping Amaranth Advisors and bunch of other hedge funds that lost...|