Amaranth Advisors admitted last week that its losses have now reached $6 billion, as it disposes of assets at fire-sale prices to avoid a shutdown. The New York Times reported last week that Chicago-based hedge fund Citadel and J.P. Morgan Chase have agreed to buy Amaranth’s energy portfolio.
JP Morgan And Citadel To Buy Assets From Beleaguered Amaranth
Amaranth Advisors admitted last week that its losses have now reached $6 billion, as it disposes of assets at fire sale prices to avoid a shutdown. The New York Times reported last week that Chicago based hedge fund Citadel and
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