Hedge fund manager John Arnold, founder of Centaurus Advisors and nicknamed the “king of Natural Gas” is retiring, CNBC just reported, citing sources close to the matter.
It certainly is a surprising move for the young investor, who is only 38 this year.
A woman who answered the phone when Business Insider called Centaurus said Arnold would not be commenting on his retirement; she declined to talk further on the matter.
Arnold was also in the news recently after a Wall Street Journal article connected him to disgraced businessman Aubrey McClendon. In 2008, McClendon was listed as a debtor to Centaurus Capital, according to regulatory filings.
CNBC reported that it is likely Arnold wants to focus on his philanthropic activities, which included running the Laura And John Arnold Foundation. Arnold and his wife have also signed Warren Buffett’s giving pledge.
Arnold first shot to fame as an energy trader for Enron. After the company’s accounting scandal broke, he left Enron to start Centaurus with much success, generating as much as 80% returns in some years. As of last year, Centaurus had $3.5 billion in assets under management, according to Forbes.