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Excellent Bloomberg Summary on Cause of Amaranth Debacle

Dec

7

Posted on Thursday, December 7th, 2006 at 4:52 pm by Lars Toomre

On December 6th 2006, Bloomberg published an excellent article entitled Amaranth's $6.6 Billion Slide Began With Trader's Bid to Quit detailing how an aggressive offer to Brian Hunter for Steven Cohen's SAC Capital Advisors LLC likely led to Amaranth Advisors' eventual September 2006 debacle. Toomre Capital Markets LLC has previously posted several comments on the Amaranth debacle and suggests that interested readers review this informative article.

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