Bill Perkins is Not Afraid
Risk of Ruin
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The Gopher Brook Strategy - The Greatest Hedge Fund Loss Ever
The chief natural gas trader at Enron was a guy named John Arnold. He took his last bonus and started a fund called Centaurus where he recruited Bill and a few others to join him. In a few years, they were a major player, managing several billion dollars. As Centaurus grew, one of their key rivals blew up. Amaranth Advisors was a nine billion dollar fund that soared and crashed mostly due to one energy trader.
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