Collapsed

Court Approves $77.1M Settlement Resolving Claims Against Amaranth

A U.S. District Court judge has approved a $77.1 million settlement to resolve claims against Amaranth Advisors LLC, a hedge fund that collapsed in September 2006 after suffering $6 billion in market losses due to wrong-headed bets in natural gas futures.

December 22, 2011

Former Amaranth Trader Fined $30M by FERC

Nearly five years after high-flying hedge fund Amaranth Advisors collapsed with a $6 billion loss, FERC Thursday determined that leading Amaranth trader Brian Hunter manipulated the gas futures market and imposed a civil penalty on him of $30 million (see Daily GPI, Sept. 26, 2006).

April 25, 2011

FERC Fines Former Amaranth Trader $30M

Nearly five years after high-flying hedge fund Amaranth Advisors collapsed with a $6 billion loss, FERC Thursday determined that leading Amaranth trader Brian Hunter manipulated the gas futures market and imposed a civil penalty on him of $30 million.

April 25, 2011

Amaranth Seeks to Settle Natural Gas Manipulation Charges

Collapsed hedge fund Amaranth Advisors LLC, seven affiliates and former trader Matthew Donohoe last Thursday submitted a joint offer of settlement to FERC to resolve all claims that they manipulated the market to influence natural gas futures prices.

July 27, 2009

Amaranth Seeks to Settle Natural Gas Manipulation Charges

Collapsed hedge fund Amaranth Advisors LLC, seven affiliates and former trader Matthew Donohoe Thursday submitted a joint offer of settlement to FERC to resolve all claims that they manipulated the market to influence natural gas futures prices.

July 27, 2009

Bears Pounce on Burly Storage Build; Futures Crushed

An already weak natural gas futures market further collapsed on Thursday after the Energy Information Administration (EIA) reported that a whopping 103 Bcf was injected into underground storage for the week ended May 15. The data proved that despite drastic rig reductions, gas is still being stored at a rate that is well above industry expectations. June natural gas futures closed Thursday’s regular session at $3.603, down 36.7 cents from Wednesday’s finish.

May 22, 2009

FERC Rejects Amaranth Settlement

FERC Thursday rejected the uncontested joint settlement entered into by its own Office of Enforcement staff with affiliates of collapsed hedge fund Amaranth Advisors LLC and two of its natural gas traders accused of manipulating the market to influence natural gas futures prices.

February 17, 2009

FERC Rejects Amaranth Settlement

FERC Thursday rejected the uncontested joint settlement entered into by its own Office of Enforcement staff with affiliates of collapsed hedge fund Amaranth Advisors LLC and two of its natural gas traders accused of manipulating the market to influence natural gas futures prices.

February 16, 2009

ALJ Certifies Settlement Of Charges Against Amaranth

FERC Administrative Law Judge (ALJ) Carmen Cintron last Wednesday certified as uncontested a joint offer of settlement resolving charges that collapsed hedge fund Amaranth Advisors LLC, affiliates and two former natural gas traders manipulated gas trading activity in the futures market.

December 8, 2008

ALJ Certifies Settlement Of Charges Against Amaranth

FERC Administrative Law Judge (ALJ) Carmen Cintron Wednesday certified as uncontested a joint offer of settlement that resolves charges that collapsed hedge fund Amaranth Advisors LLC, affiliates and two former natural gas traders manipulated gas trading activity in the futures market.

December 4, 2008
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