Loki died during the Marvel event Siege.  But he died in that Asgardian god way, as in he came back to life a few issues later.  Unfortunately, Loki’s demise meant the loss of the supervillain Hood’s (real name Parker Robbins) evil magic wizard powers as they were tied to/gifts from the evil magic wizard Loki.  Bad news for the Hood.  Luckily, the Avengers spent most of the battle thumping other supervillains and the Hood manages to escapes with his girlfriend Madame Masque (real name Whitney Frost).

As the end Siege brought forth the beginning of the Heroic Age, it’d be a terrible ending if the former kingpin of New York City flees his crimes to live a happy life in Latveria or Madripoor or other seedy bad guy-friendly places.  So for their final mission as the New Avengers, our protagonists join forces one more time in New Avengers Finale #1…