Centaurus Trader Readies NatGas Hedge Fund

May 10 2012 | 12:16pm ET

It didn't take long for Centaurus Capital to produce its first successor firm.

Bill Perkins, a founding trader at the natural gas hedge fund, which founder John Arnold announced would close last week, is already preparing to launch a hedge fund of his own. Perkins' Skylar Capital Management is expected to debut on July 1 with between $300 million and $600 million in initial assets, CNBC reports.

Like Centaurus, Skylar will be based in Houston and will focus on energy and natural gas.

Arnold said last week that he would retire from the hedge fund business at the age of 37, citing a desire to "pursue other interests." Centaurus, which Arnold ran for a decade after leaving a collapsing Enron Corp., is currently liquidating its portfolio and returning money to investors.

At Skylar, Perkins will be faced with the same natural gas market difficulties that many think drove Arnold to retirement. Prices are near 10-year lows and stagnant, and natural gas is the worst-performing commodity this year.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.