Tuesday, August 12, 2008

Amaranth’s Hunter Nets Big Return in July

From DealBook:

Brian Hunter is back in the news. But this time, it’s for the profits the commodity trader made for the hedge fund he advises.

The Boston-based Peak Ridge Commodity Volatility Fund, for which the infamous former Amaranth Advisors trader now works, made about a 24 percent return in July, Bloomberg News reported citing an unnamed investor. That leaves the fund up at least 230 percent this year, the investor told Bloomberg....Go to Article from Bloomberg News »