Another Energy Fund Failing?

Posted by John Carney, Feb 14, 2008, 4:22pm

We’re hearing that a Houston-based an energy fund which took a short position in March 2009 gas futures and long April 2009 gas futures is getting crush. The spread on that trade has been widening all week. Energy traders are abuzz with talk of one fund getting crushed, ironically by taking the exactly opposite of one of Brian Hunter’s infamous trades. He was long March and short April when he dragged Amaranth down.

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Posted in: Hedge Funds

Comments

Posted by guest, Feb 15, 2008 12:41AM

What happened to all the comments?

Posted by guest, Feb 15, 2008 2:14AM

So, get over the loss of a few hours of drivel, its not like the comments cost anything...

It's a new look and it rocks... Thats what matters and its about damned time...

Remember its always looks over substance... get with it already...

Who cares about reality...

oh and it was just some egghead Quant's scrabbling up the markets again...

Nothing new... when Quant's run a muck, what do you expect? They are type casted to do exactly that...

They pulled a Kerviel... its kind of like a gerbil... but more painful.

Posted by american bandersnatch, Feb 15, 2008 10:38AM

Don't be a tease - which fund is it?

Posted by guest, Feb 15, 2008 10:58AM

Saracen?

Google trends seems to think so:

saracen energy
Hotness: Medium

Peak:
1 hours ago

Location:
23% - Houston, TX
20% - New York, NY

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