Saturday, 23 July 2016
Last updated 11 hours ago
Aug 12 2008 | 12:41pm ET
The fall-off in the commodities markets has fueled the continued renaissance of Brian Hunter, the former Amaranth Advisors trader.
The Peak Ridge Commodity Volatility Fund, which has been advised by Hunter since last year, returned about 24% last month, Bloomberg News reports. The fund, which is now up at least 230% year-to-date, profited from falling energy, metals and agricultural prices.
Hunter has advised the fund since its debut in November. Peak Ridge Capital Group is a Boston-based private equity firm. He is still facing enforcement actions from the Federal Energy Regulatory Commission and Commodity Futures Trading Commission.
Hunter’s natural gas trades lost Amaranth more than $6 billion two years ago, causing the firm to collapse.