Tough liquidity terms tied investors hands, and questions about risk management remain, but everyone loved the returns
When Amaranth founder Nick Maounis finally spoke to investors, via a conference call on September 22, he promised to explain what happened that caused the firm to implode last month. "We know we have damaged your faith and confidence in us, and we are committed to regain them both," he began the call.
But his plea may fall on deaf ears. The call came four days after Amaranth alerted investors to what so far has amounted to a $6 billion dollar loss that