Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with