soxfirst.com — The wrong-way bets which cost Connecticut-based hedge fund Amaranth Advisors more than $6 billion are not a one-off. These funds have systems designed to make traders take dangerous risks. There will be many more Amaranths. And it will hurt non-investors who have money in pension that are drawn to hedge funds like moths to a flame.
Oct 4, 2006 View in Crawl 4
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