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83 Hedge Funds Shut In 2006, Says Absolute Return Survey

At least 83 US hedge funds shut their doors in 2006, according to a survey published by Absolute Return. The largest of the closures was Amaranth Advisors' Amaranth LLC, which also made history as the biggest ever hedge fund shutdown.

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At least 83 US hedge funds shut their doors in 2006, according to a survey published by Absolute Return.

The largest of the closures was Amaranth Advisors’ Amaranth LLC, which also made history as the biggest-ever hedge fund shutdown.

Others included Archeus Capital Management’s Animi Master Fund, Sagamore Hill, and Citigroup Multistrategy Arbitrage/Saranac Arbitrage.

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