Friday, 29 August 2014
Last updated 8 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...