John Arnold, the founder of Centaurus Capital, told clients of the firm's Centaurus Energy Master Fund in May that he would liquidate its holdings and return their capital. After a decade managing the fund, Mr. Arnold, 37, said he planned to “pursue other interests.”
In March 2011, Icahn Capital announced that the firm would return funds from outside investors as a result of massive redemptions following the financial crisis in 2008. The firm continues to manage the Icahn family fortune.
Stanley Druckenmiller, the former chairman and president of Duquesne Capital, closed the firm in August 2010 because he felt unable to deliver high returns to his clients. At the time of closing, Duquesne Capital had over $12 billion in assets.
Henry & Co. would stop managing outside capital in December.