Amaranth Advisors LLC, the hedge fund that lost $6 billion last month, announced Friday that it is suspending withdrawals while it sells its remaining investments. According to the WSJ, the decision by the hedge fund came after talks about a possible purchase of assets by Citigroup Inc. broke down, citing someone familiar with the matter. “This temporary suspension of redemptions will enable the Amaranth funds to generate liquidity for investors in an orderly fashion,” Amaranth founder and chief executive Nick Maounis said in a letter to investors. ustody
Amaranth Advisors Suspends Withdrawals, Says WSJ
Amaranth Advisors LLC, the hedge fund that lost $6 billion last month, announced Friday that it is suspending withdrawals while it sells its remaining investments. According to the WSJ, the decision by the hedge fund came after talks about a
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