Amaranth Equity Traders Move On
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Amaranth Equity Traders Move On

Two equity volatility traders have left the Greenwich, Conn.-based fund.

Todor Delev and MiaoDan Wu, both equity volatility traders, have left Amaranth Securities, a Greenwich, Conn.-based hedge fund giant. Wu could not immediately be reached and Delev did not respond to a message left on his cell phone. Calls to Amaranth were referred to Abernathy MacGregor, where Ann Taylor Reed declined all comment. The reason and precise dates of the departures could not be determined.


Amaranth has reportedly been unwinding equity correlation positions since May's uptick in implied volatility and correlation (DW, 5/22).


Wu is tipped to be joining SAC Capital Advisors. Calls to SAC regarding the hire were referred to external communications firm Citigate Sard Verbinnen, where Jonathan Gasthalter declined comment.


According to NASD registration information, both Delev and Wu had worked at Amaranth—previously Paloma Securities—since 2000. Wu worked at Goldman Sachs prior to joining Paloma.

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