Losses racked up by Greenwich-based hedge fund Amaranth Advisors have hammered home just how precarious the natural gas markets can be. The firm lost more than $6 billion after a series of natural gas derivatives positions, including spreads, went askew in September. And Amaranth is not alone. Earlier this year, MotherRock, a New York-based hedge fund, was also forced to close after incurring significant losses in the natural gas market.
This has prompted some analysts to question the wisdom
The week on Risk.net, March 10-16 2018Receive this by email