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Amaranth update
Posted on 09/27/2006 11:28 AM | Link | Post Comment
Interesting. Things could have been worse.
Bloomberg.com: U.S.: "The New York Mercantile Exchange told Amaranth Advisors LLC that the hedge fund's natural gas bets were too big a month before the trades led to a $6 billion loss, said two people with knowledge of the meeting.
Amaranth unwound some of its natural gas positions after the warnings, according to the people, who asked not to be named
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