- Amaranth's losses in last October: due to unsuccessful bets on the natural gas market
- Overview of the functioning of a hedge fund and the principles of commodity futures
Amaranth was founded by Nicholas Maounis, former Paloma Partners manager, in 2006. Initially, Amaranth was supposed to adopt a multistrategic approach to diversify its investment risks in multiple markets. Brian Hunter was waiting for a geopolitical contest, due to the situation in the Middle East, that should have caused the rise of the oil and, consequently, the gas one; moreover, he expected the gas facilities located in the Mexican Gulf to be damaged by hurricanes and cyclones.