Saturday, 25 October 2014
Last updated 1 day ago
Dec 21 2011 | 2:09am ET
Amaranth Advisors' settlement of a class-action lawsuit has been approved by a federal judge.
The collapsed hedge fund will pay $77.1 million to end the lawsuit, accusing it of market manipulation. The pact was approved on Dec. 15 by U.S. District Judge Shira Scheindlin, with a hearing on final approval scheduled for March 27.
Amaranth imploded in 2006 after losing $6.6 billion in the natural gas markets. The firm had already settled with the Commodity Futures Trading Commission.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.