Think you've had a bad week

[shadytree]

Amaranth's Brian Hunter Lost $5 Billion in a Week, WSJ Says

By David Altaner
Sept. 19 (Bloomberg) -- Brian Hunter, a 32-year-old
Canadian energy trader, lost $5 billion in a week for a
Greenwich, Connecticut, hedge fund as he made the wrong bet on
natural gas prices, the Wall Street Journal said today.
Hunter helped cost Amaranth Advisors LLC half of its asset
under management, to $4.5 billion from $9 billion at the
beginning of September, the Journal said. Hunter, who remains a
the fund, wouldn't talk to the newspaper yesterday.
Hunter was ahead by about $2 billion for the year, by the
end of August, the newspaper said. Then in about a week, he los
about $5 billion, according to the Journal.
The Calgary-based trader sometimes held open positions to
buy or sell tens of billions of dollars of commodities, and mor
on certain futures contracts than big investment banks employin
100 or more traders, the newspaper said.

[rico]

Oops!

Is that a record?

[Fatboy]

You win some, you lose some

[Kinky]

Is he in our shares club?

[Phil Hopkins]

Amaranth's Brian Hunter, known in some circles as 'Gorvid'.

[clubsport]

Amateur, not the first time a hedge fund has punted with such a high VAR.... That may be only part of the story.......if not it is hard to see the other investors hanging around for too much longer.

[BigAlinEmbra]

I thought the point of hedging was to reduce your risk?

[shadytree]

BigAlinEmbra said:

I thought the point of hedging was to reduce your risk?

hedging's for gardners

[Plotloss]

shadytree said:

BigAlinEmbra said:

I thought the point of hedging was to reduce your risk?

hedging's for gardners

Oooh that city humour

[shadytree]

Plotloss said:

shadytree said:

BigAlinEmbra said:

I thought the point of hedging was to reduce your risk?

hedging's for gardners

Oooh that city humour

arf arf

[Davel]

We're looking for a new book-keeper!