Thursday, 31 July 2014
Last updated 15 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…