Reuters – To the list of unexpected windfalls created by the boom in shale gas production, add one more: The full-time philanthropy of billionaire trader John Arnold.
Tired of struggling to eke out gains in a natural gas market that has been deluged by an unyielding surplus of supply, Arnold announced on Wednesday that he would wind down his Centaurus hedge fund after a decade of unparalleled returns. The fund was flat this year through March, according to an industry source.
