Times Herald-Record – A Connecticut hedge fund trying to survive after admitting to investors that it lost billions of dollars in the flagging natural gas market has transferred its energy portfolioto a third party.
Greenwich-based Amaranth Advisors told investors this week that its dealings in the natural gas market  where prices are more than 50 percent lower than a year ago  are expected to cause the hedgefund to lose 35 percent of its assets.
The company, which opened the year with $7.4 billion, saw assets shrink to about $4.5 billion from an August high of $9.2 billion.
Company spokesman Shawn Pattison said yesterday that the company would not identify the third party.
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