Tuesday, 1 December 2015
Last updated 2 hours ago
Apr 11 2008 | 11:53am ET
Brian Hunter—who famously brought down Amaranth Advisors on highly-levered natural gas bets gone wrong—is doing rather better at his new gig.
Peak Ridge Commodity Volatility Fund, which has been advised by Hunter since last year, is up 103% since its November launch, and returned 49% in the first quarter. Boston-based private equity shop Peak Ridge Capital Group bought the assets of Solengo Capital Advisors, the hedge fund Hunter tried—and failed—to set up in the wake of Amaranth’s collapse. In addition to Hunter, Peak Ridge hired nine other Solengo vets, including Shondell Sabad, who served as chief operating officer at Solengo and is now CFO of Peak Ridge.
The eight-year-old firm reportedly fully controls its trading, risk management and operations, and that Hunter makes no decisions on his own, as he did at Amaranth.
Hunter, for his part, is still facing enforcement actions in the U.S. filed by the Commodity Futures Trading Commission and Federal Energy Regulatory Commission.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…