Amaranth Advisors Ceramic Coffee Mug
11oz
$12.99
Product Details & Size Guide
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Start a conversation about financial history with an Amaranth Advisors ceramic coffee mug. The Greenwich hedge fund was founded in 2000 and later shifted toward energy trading, with natural gas positions driving both reported gains and substantial losses. Its 2006 collapse remains a notable episode in commodities markets. This mug suits a home or office routine and offers a memorable keepsake for collectors, market watchers, or anyone interested in the rise and fall of a distinctive financial firm.
Amaranth Advisors LLC was an American multi-strategy hedge fund founded in 2000 by Nicholas M. Maounis and based in Greenwich, Connecticut. The firm initially relied heavily on convertible arbitrage, a strategy Maounis had worked with before founding the company. From 2004 to 2005, Amaranth shifted toward energy trading, where Canadian trader Brian Hunter focused on natural gas. In 2005, the fund reportedly earned about $1 billion as energy prices rose after Hurricane Katrina curtailed production. Natural gas trading increasingly dominated the portfolio, and assets under management reached as much as $9.2 billion. When natural gas prices moved against its positions, the fund suffered losses exceeding $6 billion in 2006. Amaranth disclosed major losses to investors on September 18, then transferred its energy portfolio to Citadel LLC and JPMorgan Chase. Its founder notified investors of a trading suspension on September 29, 2006; the fund hired Fortress Investment Group to liquidate assets on October 1. After the collapse, Maounis founded Verition Fund Management, which hired several former Amaranth employees. The name Amaranth came from a flower described as retaining vivid color after death.
Start a conversation about financial history with an Amaranth Advisors ceramic coffee mug. The Greenwich hedge fund was founded in 2000 and later shifted toward energy trading, with natural gas positions driving both reported gains and substantial losses. Its 2006 collapse remains a notable episode in commodities markets. This mug suits a home or office routine and offers a memorable keepsake for collectors, market watchers, or anyone interested in the rise and fall of a distinctive financial firm.
Amaranth Advisors LLC was an American multi-strategy hedge fund founded in 2000 by Nicholas M. Maounis and based in Greenwich, Connecticut. The firm initially relied heavily on convertible arbitrage, a strategy Maounis had worked with before founding the company. From 2004 to 2005, Amaranth shifted toward energy trading, where Canadian trader Brian Hunter focused on natural gas. In 2005, the fund reportedly earned about $1 billion as energy prices rose after Hurricane Katrina curtailed production. Natural gas trading increasingly dominated the portfolio, and assets under management reached as much as $9.2 billion. When natural gas prices moved against its positions, the fund suffered losses exceeding $6 billion in 2006. Amaranth disclosed major losses to investors on September 18, then transferred its energy portfolio to Citadel LLC and JPMorgan Chase. Its founder notified investors of a trading suspension on September 29, 2006; the fund hired Fortress Investment Group to liquidate assets on October 1. After the collapse, Maounis founded Verition Fund Management, which hired several former Amaranth employees. The name Amaranth came from a flower described as retaining vivid color after death.
| 11oz | 15oz | |
| Height, in | 3.74 | 4.61 |
| Diameter, in | 3.15 | 3.43 |
Product features
- Microwave-safe for quick reheats
- Dishwasher-safe for easy cleanup
- Available in 11oz and 15oz sizes
- Glossy white ceramic with vibrant, long-lasting print
- Lead- and BPA-free, comfortable C-handle
Care instructions
- Clean in dishwasher or wash by hand with warm water and dish soap
EU representative: HONSON VENTURES LIMITED, gpsr@honsonventures.com, 3, Gnaftis House flat 102, Limassol, Mesa Geitonia, 4003, CY
Product information: Generic brand, two year warranty in the EU and Northern Ireland
Care instructions: Clean in dishwasher or wash by hand with warm water and dish soap