Arthur DiRocco, Amaranth's treasurer, led nine employees to Merrill Lynch, where they have set up a new subsidiary, Hedge Fund Infrastructure Services.

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Arthur DiRocco, Amaranth's treasurer, led nine employees to Merrill Lynch (nyse: MER - news - people ), where they have set up a new subsidiary, Hedge Fund Infrastructure Services.

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He said that Boston-based Eze was providing consulting services to hedge funds and found the needs of funds of funds were largely ignored.

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