MotherRock
MotherRock was an energy sector hedge fund, one of the biggest traders of Natural Gas derivatives in New York, with assets of around $430 million at one point.[1] It closed in August 2006, the prime cause of which was attributed to the high volatility in natural gas valuations in the commodities market. While the high volatility (around 10% at the time) took its toll on MotherRock, it's leveraged postitions exacerbated the situation and eventually led to a loss of around $230 million in June and July, 2006.[2]
The fund was started by J. Robert Collins, with Conrad Goerl and ex-Nymex vice president John D'Agostino in early 2005.[3]
References
- ^ Liz Moyer (2006). "Energy Hedge Fund Bites The Dust". Retrieved 2007-12-19.
- ^ Staff Reporters (2006). "MotherRock Cries Uncle". Retrieved 2007-12-19.
- ^ Alistair Barr (2006). "MotherRock hedge fund shutting down: WSJ". Retrieved 2007-12-19.