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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...