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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note