Centaurus Down Through October

Dec 13 2010 | 12:43pm ET

Centaurus Energy has enjoyed double-digit returns (at least) in each of the last five years. That streak will almost certainly come to an end this year, as the  $5 billion hedge fund is down 2.7% through the first 10 months of the year.

The eight-year-old Houston-based firm, headed by Enron veteran John Arnold, posted triple-digit returns in 2005 and 2006, settling for mere double-digit returns over the past three years. But while the average hedge fund has posted returns of approximately 7% this year, Centaurus finds itself in an unusual position: lagging its peers.

Things could have been a good deal worse, if not for an excellent October. Centaurus is poised to pull into the black if it does reasonable well in the last two months of the year, thanks to a 7.9% surge last month, Institutional Investor reports.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Sponsored Content

Editor's Note