Amaranth's Brian Hunter to launch new Hedge Fund

[RedDuke]

Quote from Nasdaq5048:

So, did the guy blow out for a second time or did they make a killing in the second time?

It is not second time, it is his third. He lost $52 mil for Deutsh Bank on 2003, there is still a dispute going on. After Deutsch, he was hired by Amaranth. Go figure.

 

[ByLoSellHi]

Wow. With his track record, what exactly is his appeal to prospective employers or investors?

 

[Sbelmont]

Quote from Nasdaq5048:

So, did the guy blow out for a second time or did they make a killing in the second time?

They'd blow out a second time...and then a third time. Yet they'd keep finding backers and returning again and again. It is a marvel that I never truly understood, yet I bore witness to it again and again. This hedge fund guy is just the latest example of such idiocy.

 

[Cdntrader]

Quote from Sbelmont:

They'd blow out a second time...and then a third time. Yet they'd keep finding backers and returning again and again. It is a marvel that I never truly understood, yet I bore witness to it again and again. This hedge fund guy is just the latest example of such idiocy.

someone kept backing Livermore right


this guy has now got experience trading with massive risk. I believe this is the allure of such a trader.


he's now "battle hardened"

 

[atticus]

Solengo received an additional 200 million from a FoF firm on Friday.

 

[The Greeks]

"he's now "battle hardened"

That's laughable. Any jackass can bet everything on one roll of the dice and lose it all. Everyone knows that the true skill of a trader is knowing not just when to get in, but also when to get out.

This idiot obviously hasn't learned that lesson, so he has no value as a trader.

 

[RedDuke]

Quote from The Greeks:

"he's now "battle hardened"

That's laughable. Any jackass can bet everything on one roll of the dice and lose it all. Everyone knows that the true skill of a trader is knowing not just when to get in, but also when to get out.

This idiot obviously hasn't learned that lesson, so he has no value as a trader.

Oh, he is no idiot. Anyone who managed to raise capital so quickly after 2 blow outs, deseves credit. Plus, he is in his early 30s and already worth over 100mil.

It is the end result, the $ in your pocket that counts, everything else not important, and so far he is doing way better that anyone of us.

 

[Lights]

The street is drawn to traders with balls which ring like church bells.

Quote from ByLoSellHi:

Wow. With his track record, what exactly is his appeal to prospective employers or investors?

 

[JamesVU2000]

so true. its almost like the crazier you are the more they want you.

 

[WaveStrider]

Quote from Sbelmont:

They'd blow out a second time...and then a third time. Yet they'd keep finding backers and returning again and again. It is a marvel that I never truly understood, yet I bore witness to it again and again. This hedge fund guy is just the latest example of such idiocy.

Seems to me these backers have a Martingale betting mentality - they are assuming his prior losses with OPM (I'm assuming those who lost in his other attempts are not returning to give him more money) means he is due for a big swing in the opposite direction (profit) and they want to be on-board.

Makes no sense to me, but the behavior is certainly out there in casinos.