Famous Debacles in the Commodity Markets: Case Studies on Amaranth and MF Global

12 Pages Posted: 5 Jul 2017

See all articles by Hilary Till

Hilary Till

Premia Research LLC; EDHEC-Risk Institute; J.P. Morgan Center for Commodities, University of Colorado Denver Business School; Global Commodities Applied Research Digest

Richard Heckinger

Federal Reserve Bank of Chicago (retired)

Date Written: June 30, 2017

Abstract

This article covers the trading blowups at the hedge fund, Amaranth, and at the Futures Commission Merchant, MF Global. Although the lessons from the Amaranth blowup can best be understood in terms of market-risk principles, the lessons from the MF Global bankruptcy are best understood in terms of due-diligence principles.

Keywords: Futures Markets, Hedge Fund, Regulatory, Bankruptcy, Liquidation, Amaranth, MF Global

JEL Classification: G1, G11, G18, G20, G33

Suggested Citation

Till, Hilary and Heckinger, Richard, Famous Debacles in the Commodity Markets: Case Studies on Amaranth and MF Global (June 30, 2017). Available at SSRN: https://ssrn.com/abstract=2995533 or http://dx.doi.org/10.2139/ssrn.2995533

Hilary Till (Contact Author)

Premia Research LLC ( email )

United States
312-583-1137 (Phone)
312-873-3914 (Fax)

HOME PAGE: http://customindices.spindices.com/custom-index-calculations/premia/all

EDHEC-Risk Institute

Nice
France

HOME PAGE: http://risk.edhec.edu/

J.P. Morgan Center for Commodities, University of Colorado Denver Business School ( email )

1475 Lawrence St.
Denver, CO 80202
United States

HOME PAGE: http://www.business.ucdenver.edu/commodities

Global Commodities Applied Research Digest ( email )

J.P. Morgan Center for Commodities
1475 Lawrence Street
Denver, CO 80202
United States

HOME PAGE: http://www.jpmcc-gcard.com/hilary-till

Richard Heckinger

Federal Reserve Bank of Chicago (retired) ( email )

230 South LaSalle Street
Chicago, IL 60604
United States

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