Hedge fund's losses soar to $6bn
Amaranth founder pledges to win back investor trust. Citigroup emerges as potential saviour
By Stephen Foley in New York

Amaranth Advisers, whose near-collapse has made it the biggest disaster in the hedge fund industry since Long-Term Capital Management in 1998, revealed yesterday that it had lost $6bn (£3.2bn) in a week.

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