Yes, readers, Amaranth is still around. According to recent letters to investors, Amaranth is also very busy.
The good news for those investors still stuck in Amaranth funds is that the firm this week reached a settlement with the U.S. Commodity Futures Trading Commission and the Federal Energy Regulatory Commission over charges that Amaranth entities attempted to manipulate the prices of natural gas futures on the New York Mercantile Exchange on February 24 and April 26, 2006.
According to the CFTC, Amaranth will pay a $7.5 million civil fine to settle the charges. Of the $7.5 million fine, the