Amaranth Makes Deal On FERC Market Manipulation Charges

Nov 26 2008 | 3:11am ET

Collapsed hedge fund Amaranth Advisors and two former traders have settled one set of the market manipulation charges against them.

The Greenwich, Conn.-based firm, Brian Hunter and Matthew Donohoe reached a deal with the Federal Energy Regulatory Commission, filing it with the regulator yesterday. Chief Administrative Law Judge Curtis Wagner said that the settlement, “if approved by the commission, will resolve all claims asserted against all respondents.”

FERC last year accused Amaranth, Hunter and Donohoe of manipulating the natural gas markets. The hedge fund collapsed two years ago after losing about $6 billion on bad natural gas bets. When it filed its complaint, FERC sought $291 million in fines.

Amaranth and Hunter still face attempted market manipulation charges filed by the Commodity Futures Trading Commission.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

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

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.