Saturday, 27 December 2014
Last updated 2 days ago
Oct 5 2006 | 12:03pm ET
Embattled hedge fund Amaranth Advisors has retained Fortress Investment Group as a sub-advisor to the Amaranth multi-strategy funds. According to the firm, which lost an estimated $6 billion in bad natural gas trades, Fortress will assist the Amaranth team in selling off the funds’ investment assets in order to generate liquidity for investors.
Amaranth announced last Friday that its multi-strategy funds had suspended redemptions to allow for the sale of the firm’s investment assets.
Nick Maounis, Amaranth's chief executive officer, said in a statement that Amaranth will pay the fees associated with retaining the New York-based Fortress.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.