NYMEX Fines Centaurus Over Trading Limits

Jan 11 2011 | 5:59am ET

The New York Mercantile Exchange says that Centaurus Energy is a serial offender of its natural gas trading limits.

The Houston-based firm’s Energy Master Fund has violated the exchange’s position limits on Henry Hub Natural Gas Look-Alike Last Day Financial Futures in November, for the expiring December contract. It was the $5 billion hedge fund’s third such violation in the last two years.

The most recent infraction was a small one: Centaurus had just 5.5 contracts more than it was allowed.

NYMEX fined the firm $15,000 and ordered it to turn over $4,015 in profits.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of