Registered: Jan 2012
05-03-12 03:41 PM
Quote from turkeyneck:
John Arnold, a fund hedge manager and former Enron star trader worth $3.5 billion, has announced he will retire - aged just 38.
The Texas native made his billions through his own energy trading firm, Centaurus Advisors, after Enron went bust following its trading scandal in 2001.
Arnold, who is the country's 337th richest person, is now closing the company so he can 'pursue other interests', he wrote in a letter to investors, who will have all their money returned.
Damn, that's impressive and humbling. Anyone here familiar with the nature of his trading? Style, duration, that sort of thing.