Friday, June 22, 2007

UPDATE 1-Former Amaranth trader to testify to Senate

(Reuters) - Greenwich, Connecticut-based Amaranth collapsed after
sustaining $6.4 billion in losses in September on a series of
bad bets in the natural gas market, the biggest-ever hedge fund
meltdown.




Shane Lee, a former Amaranth natural gas trader, will
testify at the hearing, along with big industrial natural gas
consumers and academic experts, the committee said in a
notice.


Read more at Reuters.com Government Filings News

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