Daily Business News
Saturday, September 30, 2006
  Amaranth to liquidate remaining positions (Reuters)

A logo of Citigroup is shown surrounded by the reflection of financial buildings in Hong Kong January 19 2006. Citigroup Inc. has all but ended talks to purchase assets or a stake in stricken hedge fund manager Amaranth Advisors LLC a person familiar with the situation said on Friday making the chances more remote that the fund will survive. (Paul Yeung/Reuters)Reuters - Amaranth Advisors LLC the hedge fund manager which lost billions of dollars in energy trades will suspend redemptions and liquidate its remaining positions the company said in a letter made available to Reuters on Friday.


  2:06 AM
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