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Brian Hunter (trader)
Brian Hunter (born c. 1974) is a Canadian former natural gas trader for the now closed Amaranth Advisors hedge fund. Amaranth had over $9 billion in assets but collapsed in 2006 after Hunter's gamble on natural gas futures market went bad. Early life Hunter grew up near Calgary, Alberta, and earned a master's degree in mathematics from the University of Alberta. Deutsche Bank Hunter gained experience at Calgary based TransCanada Corp. before moving to New York to join Deutsche Bank in May 2001. There, he made $69 million for the bank in his first two years. By 2003, Hunter was promoted to head of the bank's natural gas desk. In December 2003 Hunter's trading group lost $400 million in a single week in an excessively risky trade.Sebastian Mallaby (2010). '' More Money Than God: Hedge Funds and the Making of a New Elite''. pp. 312–13 In a New York state court lawsuit, Hunter ascribed the loss to "an unprecedented and unforeseeable run-up in gas prices," meaning Hunter's failure to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amaranth Advisors
Amaranth Advisors LLC was an American multi-strategy hedge fund founded by Nicholas M. Maounis and headquartered in Greenwich, Connecticut. At its peak, the firm had up to $9.2 billion in assets under management before collapsing in September 2006, after losing in excess of $6 billion on natural gas futures. Amaranth Advisors collapse is one of the biggest hedge fund collapses in history and at the time (2006) largest known trading losses. History 2000 founding The company was founded in 2000 by Nicholas M. Maounis and based in Greenwich, Connecticut. Throughout much of its history, convertible arbitrage was the firm's primary profit vehicle. Maounis had prior to founding Amaranth Advisors worked at Paloma Partners as a portfolio manager covering debt securities. The company was named after the amaranth an "immortal" flower that retains vivid color even after death. 2004–2005 Focus on energy trading During 2004-2005, the firm shifted its emphasis to energy trading by Canadi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options. The Commodity Exchange Act (CEA), ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion dollar swaps market. History Futures contracts for agricultural commodities have been traded in the U.S. for more than 150 years and have been under federal regulation since the 1920s. The Grain Futures Act of 1922 set the basic authority and was changed by the Commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1974 Births
Major events in 1974 include the aftermath of the 1973 oil crisis and the resignation of President of the United States, United States President Richard Nixon following the Watergate scandal. In the Middle East, the aftermath of the 1973 Yom Kippur War determined politics; following List of Prime Ministers of Israel, Israeli Prime Minister Golda Meir's resignation in response to high Israeli casualties, she was succeeded by Yitzhak Rabin. In Europe, the Turkish invasion of Cyprus, invasion and occupation of northern Cyprus by Turkey, Turkish troops initiated the Cyprus dispute, the Carnation Revolution took place in Portugal, and Chancellor of Germany, Chancellor of West Germany Willy Brandt resigned following an Guillaume affair, espionage scandal surrounding his secretary Günter Guillaume. In sports, the year was primarily dominated by the 1974 FIFA World Cup, FIFA World Cup in West Germany, in which the Germany national football team, German national team won the championshi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Trading Losses
The following contains a list of trading losses of the equivalent of USD100 million or higher. Trading losses are the amount of principal losses in an account. Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest. This list includes both fraudulent and non-fraudulent losses, but excludes those associated with Bernie Madoff's Ponzi scheme (estimated in the $50 billion range) as Madoff did not lose most of this money in trading. , , CBOE Volatility Index futures and options , , 2020 , Jim Carney , - , USD 0.225 bn, , 1, , USD 0.225 bn, , 43.5%, , USD 0.30 bn, , , , FXCM, , Foreign exchange , , 2015 , , - , USD 0.207 bn, , 1, , USD 0.207 bn, , 43.5%, , USD 0.30 bn, , , , Codelco , , Copper, silver, gold futures , , 1993 , , - , EUR 0.160 , 1.1 , USD 0.176 bn , 0% , USD 0.176bn , , BNP Paribas Arbitrage , Structured products , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derivative (finance)
In finance, a derivative is a contract that ''derives'' its value from the performance of an underlying entity. This underlying entity can be an asset, Index fund, index, or interest rate, and is often simply called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements (Hedge (finance)#Etymology, hedging), increasing exposure to price movements for speculation, or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include Forward contract, forwards, Futures contract, futures, Option (finance), options, Swap (finance), swaps, and variations of these such as synthetic collateralized debt obligations and credit default swaps. Most derivatives are traded over-the-counter (finance), over-the-counter (off-exchange) or on an exchange such as the Chicago Mercantile Exchange, while most insurance contracts have developed into a separate industry. In the United States, after the financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Energy Regulatory Commission
The Federal Energy Regulatory Commission (FERC) is the United States federal agency that regulates the transmission and wholesale sale of electricity and natural gas in interstate commerce and regulates the transportation of oil by pipeline in interstate commerce. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC is composed of five commissioners who are nominated by the U.S. president and confirmed by the U.S. Senate. There may be no more than three commissioners of one political party serving on the commission at any given time. Primary duties The responsibilities of FERC include the following: * Regulating the transmission and sale of natural gas for resale in interstate commerce; * Regulating the transmission of oil by pipelines in interstate commerce; * Regulating the transmission and wholesale sales of electric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peak Ridge Capital Group
Peak or The Peak may refer to: Basic meanings Geology * Mountain peak ** Pyramidal peak, a mountaintop that has been sculpted by erosion to form a point Mathematics * Peak hour or rush hour, in traffic congestion * Peak (geometry), an (''n''-3)-dimensional element of a polytope * Peak electricity demand or peak usage * Peak-to-peak, the highest (or sometimes the highest and lowest) points on a varying waveform * Peak (pharmacology), the time at which a drug reaches its maximum plasma concentration * Peak experience, psychological term for a euphoric mental state Resource production In terms of resource production, the peak is the moment when the production of a resource reaches a maximum level, after which it declines; in particular see: * Peak oil * Peak car * Peak coal * Peak copper * Peak farmland * Peak gas * Peak gold * Peak minerals * Peak phosphorus * Peak uranium * Peak water * Peak wheat * Peak wood Other basic meanings * Visor, a part of a hat, known as a "peak" in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicholas Maounis
Nicholas is a male given name and a surname. The Eastern Orthodox Church, the Roman Catholic Church, and the Anglican Churches celebrate Saint Nicholas every year on December 6, which is the name day for "Nicholas". In Greece, the name and its derivatives are especially popular in maritime regions, as St. Nicholas is considered the protector saint of seafarers. Origins The name is derived from the Greek name Νικόλαος ('' Nikolaos''), understood to mean 'victory of the people', being a compound of νίκη ''nikē'' 'victory' and λαός ''laos'' 'people'.. An ancient paretymology of the latter is that originates from λᾶς ''las'' ( contracted form of λᾶας ''laas'') meaning 'stone' or 'rock', as in Greek mythology, Deucalion and Pyrrha recreated the people after they had vanished in a catastrophic deluge, by throwing stones behind their shoulders while they kept marching on. The name became popular through Saint Nicholas, Bishop of Myra in Lycia, the inspi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAC Capital Partners
SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 peopleSteve Cohen's Trade Secrets , February 26, 2010 in 2010 across its offices located in Stamford, and New York City, and various offices. It reportedly lost many of its traders in the wake of various investigations by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
