Amaranth’s Vourkoutiotis Rejoins Maounis At New Hedge Fund

Oct 15 2010 | 1:20pm ET

Amaranth Advisors founder Nicholas Maounis has hired a veteran of his collapsed hedge fund to run investments in Canada for his new hedge fund.

No, not that one.

Maounis’ Verition Fund Management told investors that Manos Vourkoutiotis, one of four former partners at Amaranth, will handle Canadian investments. Vourkoutiotis “will focus primarily on convertible arbitrage, credit trading, long/short equity and volatility trading within the Canadian market” for Greenwich, Conn.-based Verition, which has $250 million in assets under management, Maounis wrote.

The two-year-old firm boasts 35 employees, including three of Amaranth’s four partners. It does not feature Brian Hunter, the Canadian natural gas trader whose bets caused $6.6 billion in losses for Amaranth, sinking the hedge fund four years ago.

Verition, which employs quantitative, fixed-income and event-driven strategies, is up 4.2% this year. The fund was up 18% last year.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note