Brian Hunter has done a great job of vanishing from the public eye since the collapse of Amaranth. Despite ongoing litigation with regulators, Hunter has more or less managed to keep his name out of the headlines. But this week Fortune's Bethany McLean tracks him down, and he agrees to talk to Fortune to explain that "he doesn't think that what has happened to him is exactly fair." McLean knows this turf very well, having extensively reported on natural gas trading activities of a little company called Enron. It's easy to understand why Hunter would have looked at her as someone who might understand his trading beyond the standard approach accusing him of losing $6 billion. (Also, she's beautiful and charming , so that probably helped her get Hunter to talk too.) Unfortunately, the story McLean does get is pretty thin, unadorned by many details about what exactly Hunter thinks is unfair about his reputation. (Although she does a great job of describing the "Keystone Kops" at the FERC and the CFTC who are pursuing Hunter on different market manipulation charges.) We're told by a person familiar with the matter that Hunter despises Nick Maounis, the founder of Amaranth. Hunter privately argues that the collapse of Amaranth was more the fault of Maounis than his own energy trades. As evidence of this, he points to fact that Citadel was able to turn a profit on those trades. Judging from McLean's article, however, Hunter isn't quite re ...
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Brian Hunter has done a great job of vanishing from the public eye since the collapse of Amaranth. Despite ongoing litigation with regulators, Hunter has more or less managed to keep his name out of the headlines. But this week Fortune's Bethany McLean tracks him down, and he agrees to talk to Fortune to explain that "he doesn't think that what has happened to him is exactly fair." McLean knows this turf very well, having extensively reported on natural gas trading activities of a little company called Enron. It's easy to understand why Hunter would have looked at her as someone who might understand his trading beyond the standard approach accusing him of losing $6 billion. (Also, she's beautiful and charming , so that probably helped her get Hunter to talk too.) Unfortunately, the story McLean does get is pretty thin, unadorned by many details about what exactly Hunter thinks is unfair about his reputation. (Although she does a great job of describing the "Keystone Kops" at the FERC and the CFTC who are pursuing Hunter on different market manipulation charges.) We're told by a person familiar with the matter that Hunter despises Nick Maounis, the founder of Amaranth. Hunter privately argues that the collapse of Amaranth was more the fault of Maounis than his own energy trades. As evidence of this, he points to fact that Citadel was able to turn a profit on those trades. Judging from McLean's article, however, Hunter isn't quite re ...