Bloomberg – Touradji Capital Management LP said it acted “professionally and appropriately” in all transactions with Amaranth Advisors LLC, which is suing for at least $350 million over claims that include breach of contract and misappropriation of trade secrets.

“We will fight these scurrilous allegations vigorously,” Chief Executive Officer Gil Caffray wrote in a letter to investors dated yesterday, a copy of which was obtained by Bloomberg News. Armel Leslie, a spokesman for New York-based Touradji Capital, declined to comment today.

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Tags: amaranth advisors, breach of contract, chief executive officer, investor, misappropriation

Reuters UK – Amaranth Advisors, the largest collapsed hedge fund in history, has been ordered to pay $15 million in civil fines for attempting to manipulate natural gas markets, federal agencies said on Wednesday.

The Commodity Futures Trading Commission said it settled charges against Amaranth and the fund has been ordered to pay a $7.5 million civil fine.

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Tags: 5-million, amaranth advisors, civil fines, commodity futures trading, commodity-futures-trading-commission, futures-trading-commission, hedge fund, natural gas markets, reuters