Wednesday, 1 April 2015
Last updated 4 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…