FRM blames risk management for Amaranth downfall

Fri Sep 29, 2006

Financial Risk Management, a $12 billion fund of funds invested with Amaranth Advisors, told clients this week that FRM believes "that risk management is what ultimately failed."

In a September 22 letter, FRM outlined its decision to maintain an investment, but decrease exposure, in Amaranth as the hedge fund took on...


The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.


Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now