Wednesday, 23 July 2014
Last updated 15 hours ago
May 10 2012 | 12:17pm ET
Centaurus Capital's flagship natural gas hedge fund is up this year as founder John Arnold begins to wind it down.
The 37-year-old billionaire announced last week that he would retire from money management and return the $4 billion firm's outside capital to investors. Arnold cited a desire to "pursue other interests," but his decision also comes during a difficult period for natural gas markets.
Not too difficult for Arnold, however: Centaurus Energy is up about 4% this year, Forbes reports.
Still, that's a far cry from the triple-digit returns Arnold made his name with in the 2000s. He suffered his first annual loss in 2010, dropping 4%. But he bounced back last year, returning 10%.
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…