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Updated from 2:05 p.m.
Amaranth, a big hedge fund, suffered huge losses last week on bad bets on natural gas trading. Observers said the revelation may explain some of the recent volatility in energy markets.
"We anticipate our year-to-date losses might be in excess of 35% as we near completion of the disposition of our natural gas exposure," the hedge fund said in a letter to investors obtained by TheStreet.com. The letter is signed by the hedge fund's founder, Nicholas Maounis. ...
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