Trader Who Lost $6.4bn Said Plotting Comeback

The Wall Street Journal's 'Bids & Offers' column has it on good authority that Brian Hunter, the Amananth Advisors trader who is being fingered for that $6.4bn losing bet on the gas markets, is keen to get back into the energy trading business.

Just a few weeks after Hunter made the news (and allegedly had to employ bodyguards for protection against former Amananth colleagues angry at losing their jobs when the hedge fund announced it would close its doors due to his trading losses), the trader, it seems, has been putting out feelers on Wall Street to judge whether there is any firm willing to back him with some capital. A comeback, however, might have to await the outcome of the regulatory probes and legal actions that will follow Amaranth's collapse.

Rumours also abound that former Barings trader, Nick Leeson, is dusting off his cv. (At least Nick has said 'sorry'). Hunter, on the other hand, has gone to ground without so much as an apology to his former colleagues, or the investors who lost their shirts - in fact, it was easier to get an interview with Saddam Hussein after the fall of Baghdad than converse with Mr Hunter! Some say that the trader has bought a house in Calgary, and moved in hoping that the cold weather there will put off even the most enterprising of journalists from coming for a visit. Others say that it is actually Hunter who is the skier who features prominently in Aleksey Vayner's job-hunting video.

Hunter on the comeback trail ? Who knows ? As Mr Vayner would say, 'Impossible Is Nothing'.


Sources - The Wall Street Journal, wallstreetfolly.com

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