The End of the Amaranth Affair?

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Amaranth is contemplating liquidating its remaining assets or selling itself to a larger financial institution, according to a report in the Financial Times. In addition, the FT says Amaranth plans to let investors cash out regardless of various lock-up agreements.
Earlier Amaranth founder Nick Maounis had said that the fund plans said to stay in business. CNBC's Charlie Gasparino is reporting that he has heard the change of heart of Amaranth came after the fund met with major investors, including big Wall Street financial institutions. The investors were apparently not happy with the possibility of having to stick with the fund, raising the possibility of lawsuits against Amaranth.
It looks like the final chapter in the Amaranth affair is just about to be written.
Amaranth outlines its liquidation plans [Financial Times on MSNBC]

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