Is John Arnold losing his Midas touch?
In 2011, his Houston-based hedge fund, Centaurus Energy Master Fund, rose “just” 7.07 percent, according to sources. This single-digit return came on the heels of his first loss, a decline of 3.27 percent, in 2010.
However, given the poor performance posted by most hedge fund managers in 2011, making 7 percent in 2011 is almost like being up 25 percent in any other year.
Arnold, who specializes in trading natural gas, is the former Enron trader who launched Centaurus in 2002 with the $8 million bonus he received from Enron after making the firm $750 million.....