Mr. Hunter joined Amaranth in 2004.3 He was hired by Mr. Maounis and Mr. Arora, a former Enron trader who had established Ama- ranth’s energy and commodities trading desk. Prior to this, he had worked at TransCanada Corporation, a Calgarypipeline company, where he began getting a name for himself in energy trading. While there, he was able to find mispricing in energy options which helped the firm make profits. After this, Mr. Hunter moved to Wall Street to work for Deutsche Bank on the energy desk. While there, his positions in natural gas futures caused large fluctuations in profit and losses. According to a complaint he filed in a state court in New York, he personally generated $17M in profit in 2001 and $52M in profit in 2002. In 2002, he was making $1.6M in salary and by 2003 was supervising the gas trading desk. In 2003, Hunter’s desk had a very positive year with $76M in profit, but then they suddenly lost $51.2M in one week. He blamed the losses on “...an unprecedented and unforeseeable run-up in gas prices...” He also claimedthat there weremany problemswithDeutsche Bank’selectronic-trade-monitoringand risk-management software,which he saidhurt traders’ abilityto extricatethemselves from bad trades. Deutsche Bank denied such claims. By February 2004, relations between Mr. Hunter and Deutsche Bank supervisors had become so bad that they locked him out of the trad- ing system and moved him off the desk. Mr. Hunter left Deutsche Bank in April and sued Deutsche Bankover failureto payhim a bonus andfor defamation. Mr. Hunter wasthen hired by Nick Maounis, the CEO of Amaranth, who said that he knew of his history at Deutsche Bank but found “...nothing that made us uncomfortable.” In the summer of 2005, Mr. Hunter threatened to leave Amaranth, partly because he disliked his compensation structure and did not wish to report to Mr. Arora. Mr. Maounis reacted by allowing Mr. Hunter to trade a book separate from Mr. Arora. Also, the share of his desk operating profits eventually were increased from 7.5% to 15%. Mr. Hunter made a name for himself on Wall Street when he helped Amaranth make $1B in profits in 2005. Due to his trading success in in 2005, Mr. Hunter was rumored to have been compensated between $75M and $100M. Late in 2005, Mr. Hunter was also allowed to return to his hometown of Calgary and trade from there. Even- tually, his four other natural gas traders migrated from Greenwich to Calgary. These other natural gas traders on his team were Mr. Matthew Donohoe, Mr. Matthew Calhoun, Mr. Shane Lee, and Mr. Brad Basarowich. He obtained an undergraduate degree at the University of Alberta.