NEW YORK (HedgeWorld.com)-Charles Winkler, the former chief operating officer at defunct hedge fund Amaranth Advisors LLC, joined Hudson Bay Capital Management LP, a $350 million multi-strategy hedge fund run by former proprietary trader Sander Gerber.
They all had excellent investment professionals," Mr. Winkler
joined last month, a little more than a year after Amaranth
, the $9 billion multi-strategy hedge fund, lost approximately $6 billion in two weeks on bad energy bets made by natural gas trader Brian Hunter.
...Mr. Winkler is a hedge fund veteran who joined Amaranth in 2001 from Chicago-based Citadel Investment Group LLC.There, he worked as the COO from the spring of 1996 until he left to join Amaranth.
In many ways, he
played a positive role in Amaranth's
"I trusted that Sandy would have a strong belief in the importance of risk management," said Mr. Winkler
."That's because before running his
hedge fund, he
was a proprietary trader managing his
own account.Risk management is crucial when you run your own capital and the capital of the people who work for you." Mr. Winkler
noted that he
didn't have a prior relationship with Mr. Gerber-he met him last year.He
had several job offers in 2006 but chose Hudson Bay for the growth potential and the "prudent" investment management style.
has maintained contact with several Amaranth
alumni, but declined to talk about his
ex-firm as Amaranth is in litigation.His
move to Hudson Bay was first reported by Alternative Investment News