Familiar Trader Back In Natural Gas

Bloomberg is reporting how a commodity hedge fund advised by Brain Hunter is up 49% in the first quarter. The fund mainly trades energy contracts, such as crude oil and natural gas, using options to profit from price differences. Of interest is that Hunter is the trader who lost $6.6 billion for Amaranth Advisors back in 2006, after making $1 billion going long natural gas futures after hurricanes Katrina and Rita. Apparently things are different this time around since the fund, called the Peak Ridge Commodity Volatility Fund, from Peak Ridge Capital Group, apparently maintains control over trading and risk management. Hunter is acting only as a consultant, developing trading models and strategies for the fund.