Amaranth Advisors* - Investor Profile

Primary Address:

Investor Information:

NATotal AUM ($MM):NA
Greenwich, CT 06831Equity AUM ($MM):NA
United StatesInvestment 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*:

Relevant Firms***: Paloma Funds; 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.

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Articles Related to Amaranth Advisors*

FERC flexes its New Muscle with $30M fine on former Amaranth Advisors trader Brian Hunter

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...

Former Amaranth Advisors partner Manos Vourkoutiotis joins Nicholas Maounis’ Verition Fund Management

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,...

Proposed EU Short Selling Disclosure Regulations Bad for Large Hedge Funds and the Market

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...

Learning to Love Hedge Funds

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,...

Regulators Seek to Throw Light on Hedge Fund Impact in Energy Trading

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...

Amaranth Advisors withdraws case against Touradji Capital

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...

Touradji Capital Sued by Amaranth

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...

Dow Kim cancels launch of Diamond Lake

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...

Amaranth's Maounis to start hedge fund Veriton

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. Amaranth collapsed...

Citadel Aids ETRADE

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...

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