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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note