why I loooove america!

[akula]

After losing billions of dollars of investors' money, Amaranth founder Nick Maounis is trying to start a new firm.

According to a report in The Wall Street Journal, Maounis is teaming up with former colleagues to start a money management business. The firm will either manage money directly or help advise other funds.

read on...

[The Stealthy One]

Wow, that's kind of scary....granted, he did not make the mistake, but he was stupid enough to hire the fellow who did! I wish him the best, but I don't think it will be pretty.

[akula]

hooorah for failure! in Australia, his career would have been over. needless to say, Australia is a backward coutry

[jdoc]

hooorah for failure! in Australia, his career would have been over. needless to say, Australia is a backward coutry

Canada would be the same way. That's why we both lag behind the US in GDP per capita, productivity, etc.

[tekmoney]

"When Genius Failed - The Rise and Fall of LTCM" is a great read if you're into investing.

[Satch]

A failure on such a large scale. I dont know if I could even consider letting him look after my money.

Imagin how the people who lost money feel!

[Newton]

hooorah for failure! in Australia, his career would have been over. needless to say, Australia is a backward coutry

I'm lost

Didn't the article say he was attempting to start a new business?

Failed businessmen try to break back in all the time in Aus

[The Stealthy One]

A failure on such a large scale. I dont know if I could even consider letting him look after my money.

Imagin how the people who lost money feel!

Exactly! There must be some form of accountability, and I'm not seeing that here. Though this is a free country, and he is free to do whatever he pleases, the large-scale financial ruin created under his watch should not occur without some sort of consequences.

[NeeJam]

Well i wish him all the best, Someone lese also did it as well and is now managing a $2 billion hedgefund (in that article) so i dont see why he can't as well.