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Amaranth founder Maounis maps out new multistrategy fund

May 16, 2008  



Nick Maounis, the founder of Amaranth Advisors, which caved in after losing $6.6 billion in 2006, is starting a new hedge fund.

Maounis plans to open Verition Fund Management, based in Greenwich, Conn., by the end of the year, according to an investor briefed on the...

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