Skylar Hires Citadel’s Loftus Fitzwater to Trade Natural Gas
Skylar Capital Management LP, a Houston hedge fund that spun off from Centaurus Advisors LLC last year, hired Loftus Fitzwater to trade natural gas.
Fitzwater, 42, has worked for Citadel Investment Group Inc., Fortis Energy Marketing & Trading, and Enron Corp., Mitch Ackles, a spokesman for Skylar, said in an e-mail today. Bill Perkins founded Skylar last year after John Arnold announced he was closing Centaurus.
Skylar is one of at least two hedge funds to emerge from the breakup of Centaurus. The firm had raised $102 million from five investors as of October, according to a filing with the Securities and Exchange Commission.
Another Centaurus spinoff, Copperwood Energy Fund LP, had raised more than $743 million from 50 investors as of November, SEC records show. Copperwood is run by former Enron President Lawrence “Greg” Whalley.
Arnold, a former Enron trader who became a billionaire betting on natural gas prices, said in a May 2012 letter obtained by Bloomberg News that he was shutting Centuarus “to pursue other interests.” The fund gained fame betting against Amaranth Advisors LLC, a hedge fund that collapsed in 2006 after losing $6.6 billion on bad natural gas gets.
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