Mon, May 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Arnold closes down Centaurus energy hedge fund after 10 years

Thursday, May 03, 2012

Benedicte Gravrand, Opalesque Geneva: John D. Arnold, who founded energy-trading hedge fund firm Centaurus Advisors, LLC in 2002 with $8m, is retiring and closing down his fund.

Arnold, 38, said in a letter to investors that he planned to close the firm’s flagship, the Centaurus Energy, LP. Fund and pursue philanthropic interests. He and his wife founded the Laura and John Arnold Foundation, which strives to help implement social reforms.

"After seventeen years as an energy trader, I feel that it is time to pursue other interests," Mr. Arnold wrote.

Before founding Centaurus, he was a star energy trader at Enron. Enron Corporation was a large American energy, commodities, and services company based in Houston, Texas, which went bankrupt in December 2001 after an accounting fraud had been found out. The scandal influenced the creation of the Sarbanes-Oxley Act of 2002.

Houston-based employee-owned Centaurus invested in derivatives such as futures, options, and OTC swaps for commodities such as power, coal, natural gas and crude oil . The hedge fund is famous for having bet against Am......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n