Amaranth considering equity


Amaranth, the Greenwich-based hedge fund group run by Nick Maounis, is considering broadening its product offering beyond its $2.3 billion multi-strategy fund, and seems to favor an equity launch. The possible move follows the arrival of a number of high-profile equity analysts including Emil Westergard from Pequot.

Given the presence of former Citadel operations man Charlie Winkler as head of operations at Amaranth, any move into equity would invite comparisons with the $8 billion Chicago giant which also branched out from its multi-strategy origins into equity products.

However, any equity product launched by Amaranth would not be a major departure