Teach

Among whatever lessons the collapse of multi-strategy hedge fund Amaranth Advisors LLC has to teach traders, investors and regulators, one of them is a time-honored truism: the bigger they are the harder — and faster — they fall.

Chairman designate Pat Wood III is looking for a few good energy executives to teach him and his FERC colleagues the ins and outs of the natural gas and electricity markets, specifically how to detect when something “smelly” is taking place.