Amaranth Drops Suit Against Touradji
Nov 16 2009 | 1:13pm ET
Collapsed hedge fund Amaranth Advisors has dropped its $350 million lawsuit against Touradji Capital Management.
The Greenwich, Conn.-based firm, which lost more than $6 billion on bad natural gas bets three years ago, said that its continuing investigation has found that the commodities hedge fund shop did not breach its contract with Amaranth to buy the failing hedge fund’s base metals portfolio.
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