Apologies, perhaps 'bust' was the wrong term. They lost 34% last year.
http://www.bloomberg.com/news/2012-05-02/john-arnold-closes-centaurus-hedge-fund-after-10-years.html
... Just to keep it real.
Billionaire trader John Arnold retires at 38
- Thread starter turkeyneck
- Start date
Apologies, perhaps 'bust' was the wrong term. They lost 34% last year.
http://www.bloomberg.com/news/2012-05-02/john-arnold-closes-centaurus-hedge-fund-after-10-years.html
... Just to keep it real.
Quote from tomahawk:
Apologies, perhaps 'bust' was the wrong term. They lost 34% last year.
http://www.bloomberg.com/news/2012-05-02/john-arnold-closes-centaurus-hedge-fund-after-10-years.html
... Just to keep it real.
Worth >$3B and needs 50% or so to hit high water. Yeah, good time to retire. I'd bet he was having trouble scaling to his AUM.
insidertraders
Guest
The oil and and natural gas markets don't need market makers okay. You mean manipulating markets. penny stocks are too small for his billion dollar hedge fund to manipulate or trade. position limit should be 1%. now with the new rules banks cannot invest in his fund and the clients can longer be secret his clients must be disclosed.
this is the reason his fund was closed. his clients want their money back. his service is no longer needed.
this is the reason his fund was closed. his clients want their money back. his service is no longer needed.
Nice link, thanksQuote from tomahawk:
Apologies, perhaps 'bust' was the wrong term. They lost 34% last year.
http://www.bloomberg.com/news/2012-05-02/john-arnold-closes-centaurus-hedge-fund-after-10-years.html
... Just to keep it real.
to his defense, almost all hedge funds and companies go through a year of bad drawdowns. Harvard management company ($30bi) lost nearly 30% in '09. If I recall correctly, about one third of all hedge funds lost money last year. LTM and Quantum even have drawdowns that go for a year plus.
insidertrading - 1. with that name, you're either an incredibly stupid crook or an incredibly stupid want to be. 2. I don't think you're in a position to analyze John like that as if you're his step mother.
Quote from tomahawk:
Apologies, perhaps 'bust' was the wrong term. They lost 34% last year.
http://www.bloomberg.com/news/2012-05-02/john-arnold-closes-centaurus-hedge-fund-after-10-years.html
... Just to keep it real.
That was NOT John Arnold's fund.
" BlueGold Capital Management LLP, the $1 billion fund co-founded by Pierre Andurand, said April 5 itâs liquidating after losing 34 percent last year. "
Just keeping it real...