After Massive Losses, Hedge Fund May Liquidate

Law360, New York (September 29, 2006, 12:00 AM EDT) -- Amaranth Advisors LLC, the hedge fund that announced it had lost $6 billion just over a week ago betting on natural gas prices, said it might liquidate if it cannot find a buyer—and its top candidate for a buyer just bowed out of talks.

The leading candidate was Citigroup Inc., which was reportedly in talks to buy a stake in Amaranth until talks broke off on Thursday night, CNBC reported. Citigroup and Amaranth had been discussing giving Amaranth working capital and Citigroup an ownership stake in...
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