Fallout from hedge fund Amaranth Advisor’s disastrous bets on natural gas prices continued to ripple across Wall Street on Tuesday, as Goldman Sachs and other investors in the fund disclosed losses and the state of Connecticut launched an investigation.

Goldman’s London-listed fund of hedge funds, Goldman Sachs Dynamic Opportunities, said it might post a 2 per cent to 3 per cent loss in September because of its Amaranth holdings. Amaranth represents about 5 per cent GSDO’s portfolio.