Amaranth Advisors
John Arnold looks back at 17 years of energy trading
Grasp of market psychology key to success, says Centaurus founder
Ferc won’t appeal Hunter ruling, says Wellinghoff
Ferc chairman says agency won’t appeal ruling against it, but will seek to persuade Congress to change the law
Hunter ruling may slow Ferc’s anti-manipulation push
A court decides the US Federal Energy Regulatory Commission overstepped its authority in trying to prosecute manipulation in natural gas futures - a ruling with implications for other cases
Report recommends ways to tackle energy market manipulation
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
Amaranth fined $7.5m for market manipulation and misrepresentation
Connecticut-based hedge fund Amaranth will pay a $7.5 million civil fine to settle charges of attempted manipulation of the price of natural gas futures and subsequent misrepresentation to the New York Mercantile Exchange (Nymex).
Learning from losses
Energy and commodity markets have staged impressive growth in the past 15 years, but there have also been some eye-watering failures along the way. Katie Holliday considers what has been learnt from these catastrophes, and whether derivatives scandals…
Amaranth in civil lawsuit battle
The Amaranth saga continues as the US Commodities and Futures Trading Commission (CFTC) announced today it is filing a civil enforcement action against the hedge fund and its former head energy trader, Brian Hunter.
Hedge funds are a danger to pensions, US senator says
Chuck Grassley, chairman of the US Senate's finance committee, has warned that "secretive" hedge funds are endangering US pension schemes.
Amaranth investors should have known risks, says Edhec analyst
Investors in Amaranth, the US hedge fund now preparing to liquidate after taking large losses on natural gas derivatives, should have known that the fund was a risky investment, according to an analyst from France's Edhec business school.
House of Representatives passes hedge funds bill
The US House of Representatives has passed a bill calling for a review of hedge fund regulation.