Tuesday, 30 September 2014
Last updated 3 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...