Amaranth gets closer to liquidation - talks with Citigroup fails
Harry Henderson
Sep. 29, 2006

The hedge fund lost more tha $6 billion on matural gas bets.in futures market. After that there was ongoing talks betwen the investment firm and the Citigroup of a possible take oover as asset sale.

Earlier talks with J.P.organ ended with some transfer of assets and portfolio. The investors in the hedge fund is asking for a complete redemtion.

The failed talks between Amaranth and the Citigroup leaves no chice for the hedge fund other than total liquidation.

Amaranth gets closer to liquidation - talks with Citigroup fails
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The hedge fund lost more tha $6 billion on matural gas bets.in futures market.
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