Hedge Funds

Amaranth to outline plans in teleconference with investors

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Amaranth Advisors, the Greenwich, Conn., multistrategy hedge fund firm that lost an estimated $5 billion earlier this month trading natural gas contracts, is set to speak to investors in a conference call this afternoon. The firm's disastrous energy trades were detailed in a letter sent to investors on Monday.

Since then, the firm - founded by Paloma Partners alum Nick Maounis - has been scrambling to meet margin calls and ensure the ongoing liquidity of its multistrategy funds. Thus far, the firm has averted a forced liquidation of its portfolio.

As part of that effort, Amaranth has agreed to sell