JP Morgan takes onAmaranth's energy portfolio
One of the most high profile energy market stories of recent months was undoubtedly the $6 billion of losses at hedge fund Amaranth. On the other side of that cautionary story, however, sits the huge success story of how JP Morgan was able to take on Amaranth's entire energy portfolio and redistribute much of it around the market in just a few days. The complex deal was not only lucrative for JP Morgan and saved Amaranth from total collapse, but was also instrumental in protecting the market
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