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):
EXCESSIVE SPECULATION IN THE NATURAL GAS MARKET
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 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!
