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Saturday, September 23, 2006
County pension hedge fund loss nearly doubles
The county pension system's estimated losses from the crash of a Connecticut-based hedge fund have climbed to $87 million, nearly twice the figure given just two days ago.
(Hedge fund Amaranth Advisors LLC, which lost about $6 billion trading natural gas futures this month, said it plans to stay in business but has sworn off energy trading. Amaranth founder Nicholas Maounis told investors Friday on a conference call that)
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