Brian Hunter Lands Gig At Private Equity Firm, Litigation Still Looms Large

Sep 12 2007 | 1:37pm ET

Brian Hunter, best known for his bungling natural gas trades that caused the collapse of $9 billion hedge fund Amaranth Advisors, has landed a new job advising a commodities fund.

According to SparksSpread.com, Hunter, who has been splitting his time between setting up his own hedge fund and defending himself against regulators who are accusing him of market manipulation during his Amaranth days, has been hired as a consultant by private equity firm Peak Ridge Capital Group and will serve as an advisor on the firm’s new commodities fund.

It is the first commodities fund for Peak Ridge, which specializes in real estate and venture capital. In the new fund’s documentation, the firm reportedly reveals that the pending litigation against Hunter could indeed interfere with his work on the fund.

Hunter is expected to invest at least $10 million of his own money in the new vehicle.

There is no word on what has happened to Solengo Capital, the fund that Hunter and some of his ex-Amaranth buddies tried to set up earlier this year. That fund was also roiled in controversy. Its offering memorandum was leaked to the press and Solengo, in turn, threatened to sue various media outlets for publishing its contents, which turned out to be a public relations nightmare for the aspiring hedge fund firm.

It was one year ago this month that Hunter made a series of bad bets on natural gas prices, costing his employer over $6 billion. Amaranth and Hunter are now the subject of various investigations, including one by the Commodity Futures Trading Commission, which in July filed a civil enforcement action against Hunter and Amaranth in New York federal court claiming that Amaranth and Hunter conspired to manipulate natural gas futures prices, and then sought to cover up the scheme.

RELATED STORIES:

Amaranth, Hunter Hit With Market Manipulation Charges
Amaranth Hits Back At Pension Adversary

Solengo Can’t Keep 'Confidential' Brochure Off The Web

Solengo Plans To Keep Hunter On Short Leash
Amaranth Hit For Naked Shorts


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR