Centaurus Down 4% In '10, First Losing Year

Jan 18 2011 | 3:04pm ET

Centaurus Energy suffered its first-ever annual loss last year, dropping almost 4%.

The Houston-based natural gas hedge fund was battered by the market in that commodity, an investor told Reuters. The fund was up 30% in 2009.

"No one made any real money on natgas last year and for Centaurus it was harder, with the authorities breathing down their neck," the source said. The $5 billion firm was slapped with a $15,000 fine earlier this month for violating position limits on the New York Mercantile Exchange. What's more, proposed trading limits are thought to have caused Centaurus founder John Arnold to rein in his trading.

Despite that speculation, Arnold has said he is in favor of imposing limits on speculative natural gas trading.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…