Saturday, April 12, 2008

ENERGY: Brian Hunter Helps Deliver 49% Return for Hedge Fund

From Bloomberg:

A commodity hedge fund advised by Brian Hunter, the energy trader whose bad bets triggered $6.6 billion of losses at Amaranth Advisors LLC in 2006, returned 49 percent in the first quarter, according to two investors.

The Peak Ridge Commodity Volatility Fund, run by Boston- based private equity firm Peak Ridge Capital Group Inc., gained 6 percent last month and 103 percent since it was started in November, according to the investors who didn't want to be identified because the information is private. Peak Ridge Chief Financial Officer Shondell Sabad declined to comment.

``For some investors, Hunter's name is a red flag and they will avoid the fund,'' said Patrick Tuohy, global head of sales and marketing at HSBC Holdings Plc's alternative investment group, which invests about $55 billion in hedge funds. ``However, some may dig deeper because in the past he did deliver some spectacular returns.'' HSBC's hedge fund group is not an investor in Peak Ridge's fund....MORE

Here are our prior posts on Amaranth (oldest first):


The long arms of Enron reach beyond the grave

NYMEX Issues Statement Regarding Wall Street Journal Article

U.S. Commodity Futures Trading Commission Charges Hedge Fund Amaranth and its Former Head Energy Trader, Brian Hunter, with Attempted Manipulation of...

NYMEX Issues Statement Regarding CFTC Enforcement Action Against Amaranth Advisors and Brian Hunter

Attention Attorneys: Green Business Opportunity

Amaranth: Hunter Planning Career in Stand Up Comedy

FERC seeks $291 mln for Amaranth manipulation

Amaranth: In All Fairness...

Amaranth and Hunter at the WSJ Online Journal

Amaranth Fine May Signal More U.S. Futures Regulation

Court: FERC Can Persue Amaranth

Amaranth Sues JPMorgan for Disrupting Transactions

Amaranth Veterans Said to Lose 15% at New Fund

Moore Capital Closes Canadian Unit Following Losses (Amaranth)

Attempting the Reverse Amaranth

Saracen Attempts the Reverse Amaranth and...Yes!... Sticks the Faceplant Landing!

Brian Hunter, Natural Gas and Enron