FRIDAY NOVEMBER 16
Amaranth: Reasons For Death Greatly Exaggerated?

You knew the Amaranth camp wasn’t going down without a fight, but after more than a year of relative quiet – despite some wild rumors – you could be forgiven for thinking that maybe, just maybe it had finally sunk into that obscure mire where dead hedge funds go. Well, not only is it back, it comes armed with a bizarre alternative “other man” theory (that, presumably, it’s been piecing together since it went under last year) for why it really collapsed. A theory it hopes will win it back more than a billion in damages in a bold new lawsuit it’s filed against JPMorgan. Behold, Amaranth’s ballsiest move yet.

November 2007

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