Tuesday, 2 September 2014
Last updated 5 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...