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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...