Rumors Point To Another Amaranth-Like Collapse

Nov 17 2006 | 1:03pm ET

Is another hedge fund about to bite the bullet?

Word swirling on Wall Street that a large U.S. hedge fund is in trouble has prompted a sharp decline in the dollar and a jump in bond prices.

“There’s rumors of a hedge fund in trouble,” a London currency trader told Reuters. “Someone is selling dollar-yen. A few traders would not be enough to cause this move.”


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…