Report: Amaranth’s Hunter Not Behind Natural Gas Moves

Jun 23 2010 | 12:24pm ET

Four years ago, Brian Hunter shook up the natural gas markets. Now, those markets are moving in ways not seen since he lost more than $6 billion for Amaranth Advisors, but, despite rumors to the contrary, it seems that Hunter is not behind the current volatility.

Hunter has nothing to do with the shifts in natural gas trading, the Globe and Mail reports, citing sources close to the trader, who lives in Calgary, Alberta. Hunter himself could not be reached for comment.

According to the rumors, Hunter was still working for Boston private equity firm PeakRidge Capital Group. PeakRidge told FINalternatives in February that Hunter had left the firm after only a few months in early 2008.

Amaranth collapsed in 2006 due to losses suffered on Hunter’s bad natural gas trades.

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