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

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.