Tuesday, 27 January 2015
Last updated 3 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…