Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…