{"id":8360,"date":"2008-08-13T00:00:00","date_gmt":"2008-08-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"trader-who-lost-9bn-bounces-back","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/trader-who-lost-9bn-bounces-back.html","title":{"rendered":"Trader who lost $9bn bounces back"},"content":{"rendered":"<p>Financial Times &#8211; Brian Hunter, the trader who was <span class=\"bodystrong\">blamed for the collapse<\/span> of $9bn hedge fund Amaranth Advisors two years ago, has taken &shy;advantage of <span class=\"bodystrong\">last month&rsquo;s plunge in commodity prices<\/span> to help propel the year-to-date return at the fund he now advises to 230 per cent.<\/p>\n<p>The Peak Ridge Capital Commodities Volatility fund, which Mr Hunter advises, returned 24 per cent in July as commodities prices fell 10 per cent for the month. <\/p>\n<p>The prices were down 19 per cent from their peak on July 3rd &ndash; the biggest monthly decline since March 1980, measured by the Reuters-Jefferies CRB Index.<\/p>\n<p>Slumping demand and steadily rising inventories sent the prices for contracts ranging from oil to soyabeans plunging in July, suggesting that the six-year-old commodity bubble may have burst.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.ft.com\/cms\/s\/0\/d89a217a-68bd-11dd-a4e5-0000779fd18c.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; Brian Hunter, the trader who was blamed for the collapse of $9bn hedge fund Amaranth Advisors two years ago, has taken &shy;advantage of last month&rsquo;s plunge in commodity prices to help propel the year-to-date return at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[180,1425,1783,2116,117,406,2018,837,417,439,547],"class_list":["post-8360","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accountant","tag-base-metals","tag-financial-contagion","tag-french-bank","tag-investment-arm","tag-investment-funds","tag-market-analyst","tag-pacific-ocean","tag-staffers","tag-sumitomo","tag-wb"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8360"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8360\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}