Grasp of market psychology key to success, says Centaurus founder
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the…
Agreements reached under US Dodd-Frank Act fail to address critical issue of enforcement
Ferc and turf
Ferc chairman says agency won’t appeal ruling against it, but will seek to persuade Congress to change the law
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
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
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).
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…
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.
Chuck Grassley, chairman of the US Senate's finance committee, has warned that "secretive" hedge funds are endangering US pension schemes.
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.
The US House of Representatives has passed a bill calling for a review of hedge fund regulation.