AMARANTH LIQUIDATES, FIVE DAYS AFTER POEM
Amaranth Executives, Poet deny any connection
Fri Sep 29, 2006 9:45pm ET
NEW YORK: Amaranth Hedge Fund executives filed
today for liquidation, denying that this decision
had any connection to a poem published by a
weird, one-eyed poet on Sept 24, only 5 days
earlier.
"We were simply maximizing the proceeds
of asset dispositions, while seeking to treat
all investors equitably through pro rata distributions,"
the letter by Amaranth founder Nicholas Maounis said.
"What the hell is that supposed to mean?", responded
Mr Keske, the eccentric and yet oddly prophetic
one-eyed poet. "His babbling is more obscure
and absurd than my poetry", countered Keske.
==============================================
From: Tom Keske
Date: Sunday, September 24, 2006 1:03 AM
Newgroups: alt.surrealism
Subject: Amaranth Rose
==============================================
http://today.reuters.com/news/articlenews.aspx?
type=businessNews&storyid=2006-09-30T014439Z_01_
N29420601_RTRUKOC_0_US-FINANCIAL-AMARANTH.xml
Amaranth to liquidate remaining positions
Fri Sep 29, 2006 9:45pm ET
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Amaranth will continue to pursue strategic alliances,
the letter said, after its net asset value declined
by 65 percent to 70 percent during September.
Its funds are down 55 percent to 60 percent year-to-date,
it estimated.
Amaranth said it was in investors' best interests
to temporarily suspend redemptions for
September 30 and October 31.
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