Saturday, 23 August 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%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note