Friday, 26 December 2014
Last updated 2 days 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%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.