Friday, 21 November 2014
Last updated 42 min ago
Apr 9 2009 | 1:47am ET
More than two years after its spectacular collapse, Amaranth Advisors wants to make a deal with regulators.
The Greenwich, Conn.-based firm, which lost more than $6 billion on bad natural gas bets in 2006, is seeking a private meeting with the Federal Energy Regulatory Commission. FERC sued Amaranth and two former traders in 2007, accusing them of market manipulation. The regulator is seeking a $291 million fine.
Amaranth, Brian Hunter and Matthew Donohoe requested the meeting in a March 27 letter. The move comes after FERC rejected a settlement negotiated by its agency staff in February, arguing that it was “not in the public interest.”
Terms of that settlement have not been disclosed.
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…
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...