Wednesday, December 5, 2007

Amaranth Veterans Said to Lose 15% at New Fund

From the New York Times DealBook:

Does the specter of Amaranth Advisors still haunt its survivors?

A group of traders from the fallen hedge fund, recruited last year to start a Canadian hedge-fund unit for Moore Capital Management, lost 15 percent in November, Bloomberg News reported citing two unnamed sources.

The Toronto-based unit, which managed $1 billion before the decline, opened a year ago to invest money for other Moore funds....Continued