| Mamma.com Powers AOL OpenRide Desktop Search »
Who Made Money Off Amaranth's Collapse?
posted by MR WAVETHEORY at 10/05/2006 03:45:00 PM
Thirty-two years old John Arnold, a former Enron trader, is up 200% this year at Centaurus Capital.Arnold manages $3 billion. Who gave him all that free money? Brian Hunter, also 32 years old, of Amaranth Advisors. While Hunter was long natural gas, Arnold was short. Arnold earned $100 million last year. Hunter gained notoriety for making $750 million singlehandedly at Enron in 2001 using Enron Online, an internet based trading network. Not bad. John got a bonus of $7 million for his efforts which he used to start Centaurus. He struck out on his own when Enron liquidated - proving that what was bad for Enron shareholders wasn't necessarily bad for Enron employees. In 2004, his fund of $1 billion earned $800 in profits according to John D. Arnold's bio on Wikipedia.From Google Map, John Arnold's office appears to be sitting next to a lake front resort or a golf course.