Saturday, 28 March 2015
Last updated 13 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…