Amaranth Advisors, the US hedge fund which in 2006 lost around $6bn (€4.2bn) due to disastrous bets on energy futures, this week revealed that the ongoing litigation which has delayed the wind-down of the fund is drawing to a close. Here Financial News charts the rise and fall of the firm.
• 2000 - Nicholas Maounis sets up Amaranth Advisors, the name of which is taken from the Greek word amarantos, or 'the never-fading'. Convertible arbitrage is the firm's primary profit centre.
