Thu, Jan 29, 2015
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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York

  4. …And Finally - Prison restaurant is the best in Cardiff[more]

    From Orange.co.uk: A restaurant at a prison staffed entirely by inmates has been ranked as the best in Cardiff by diners. The Clink Restaurant at HMP Cardiff - which is open to the public - has been ranked number one on TripAdvisor out of 946 eateries in the Welsh capital. Diners who pos

  5. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report