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January 07, 2007
Goodbye Amaranth, Hello Continuum?
-- By Pushpa Sathish, Staff Writer
It sure looks like that Nick Maounis is not one to take things lying down! So who’s he, and why is he newsworthy? Because he’s the founder of that hedge fund that made the most headlines in 2006, Amaranth Advisors LLC. According to his attorney David Boies, Maounis and a few former colleagues are toying with the idea of floating a new company that will either offer wealth management services for investors or consultation services for other funds.
But first things first – the closure of Amaranth is the issue at hand now. The hedge fund is in the process of settling its affairs and finding suitable work opportunities for its erstwhile employees. In case you’re interested though, watch out for the appearance of funds named Continuum or Segue – they’re the ones that will involve Maounis and his team!
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