Ludwig is a native of Orange County, California,. Arnold was given $8 million, the biggest payout of all, just days before Enron filed for bankruptcy. |, Related topics: NET WORTH: $3.3 billion . 171 on Forbes list. Will An associate professor at the University of Virginia, Nosek had made a name for himself in a hot subfield of social psychology, studying peoples unconscious biases. Written. He holds a B.A. When we started as solely a foundation and we had a C4 that was kind of ancillary to it, we respected the distinction and division the law requires. $2.5 billion, according to our most recent tally. It became extraordinarily frustrating.. Former 2020)", "A divided federal appeals court rules Baltimore's surveillance plane is constitutional, cites city's struggles", "Billionaire-Funded Criminal Justice Reform Actually Expands Carceral System", "Officials Got a Windfall Before Enron's Collapse", "How a billionaire couple greased the skids for Nancy Pelosi's drug pricing bill", "Storied Texas Mansion Completely Demolished: The Bulldozer Brings Down Houston's Greatest Architect", "Big and Modern on Lazy Lane: John Arnold Tries House Trading | Swamplot", Baylor College of Medicine: "Laura Arnold named to BCM Board of Trustees" by Lori Williams, "Meet Laura Arnold, the billionaire philanthropist taking on the parole system with Jay-Z and Meek Mill", "Our Team | Laura and John Arnold Foundation", https://en.wikipedia.org/w/index.php?title=John_D._Arnold&oldid=1150152010, This page was last edited on 16 April 2023, at 16:09. In 2018, he jokingly complained that hes been called the next Koch brother by the far left press and the next George Soros by the far right.. [1] Bachelor of Arts/Science, Vanderbilt University. Like Nosek, Taubes had to Google Arnold to learn who he was. But he also stood out for his skepticism. Longevity evangelists are injecting people with experimental gene therapies. Weve always wanted to change policies. On the contrary, Arnold says he believes that most researchers go into their work with the best of intentions, only to be led astray by a system that rewards the wrong behaviors. The BMJ investigation, in turn, met with angry denunciations from nutrition experts who had worked on the US Dietary Guidelines; a petition asking the journal to retract Teicholzs work was signed by more than 180 credentialed professionals. Updated March 10, 2017 5:18 pm ET. John Arnold: The most prolific philanthropist you may not have heard of. It became one of the biggest science stories of the year. In 2015, after a cancer researcher was found to have falsified research data and defrauded the government out of millions of dollars, Arnold complained on Twitter that the penalty, a five-year funding restriction, was too light. The Arnolds are candid about this, telling the Chronicle of Philanthropy in a January 2020 interview that the goal is to change policies: We have never viewed our work and our philanthropy in terms of C3 versus C4. [38], In 2020, Arnold was one of ten billionaires who had given away at least 20% of their wealth. In 2016, John Arnold gave $250,000 to an unsuccessful effort to lift the cap on charter schools in Massachusetts, and they poured more than $500,000 into a PAC that helped bolster Governor Charlie . A month after legendary natural gas trader Arnold abruptly announced that his Houston-based Centaurus would wind down its $2 billion master fund following a decade of unrivalled gains, Whalley. After that Arnold started his own hedge fund, Centaurus Energy, where he became, in the words of one hedge fund competitor, the best trader that ever lived, full stop. Then Arnold had abruptly retired at the ripe age of 38 to focus full time on philanthropy. Copyright2023Capital Research Center. CRC respects confidentiality and will not share your e-mail address. Still, Arnold, an intense worker with a wide network of. Centaurus Capital LP - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately. Since April 2011, Mr. Gibson has served as the Chief Investment Officer of Centaurus Capital LP (Centaurus), a private investment partnership with interests in oil and gas, private equity, structured finance, and the debt capital markets. . are the four most dangerous words, Arnold wrote on Twitter. By the time he was 14, Arnold was running his first company, selling collectible sports cards across state lines. In 2006, Centaurus reportedly generated a 317 percent return overall, after taking the opposite side of a risky bet that another hedge fund, Amaranth, had made on fluctuations in natural gas prices. Theyve given millions of dollars to nonprofits that advocate for charter schools, anti-obesity charities, criminal justice groups aiming to reduce recidivism rates, efforts to reform government pension systems, and conservative think tanks including the Texas Public Policy Foundation and Alabama Policy Institute, both of which are members of the center-right State Policy Network. Ask a Question. Scientists believe lasting symptoms following a coronavirus infection is not a single disorder. A year ago, talk in the Texas energy hub was mostly about defending oil and gas and denouncing renewables, Arnold, 47, said Monday on his Twitter account. A person who answered NGIs call at Centaurus said the firm was not making any comments or talking to reporters. He started Centaurus the next year, bringing along a small group of former Enron traders, who worked out of a single large room. NatGas Conference Call Schedule, This article is part of NGI's Daily Gas Price Index. Centaurus Capital LP has committed around $500 million in equity for EOC Partners, according to the . Mr. Arnold serves on the boards of Breakthrough Energy Ventures, an investor-led venture capital firm dedicated to funding transformational technologies that will reduce global greenhouse gas emissions; Civica, Inc., a nonprofit generic pharmaceutical company; and The City Fund, a nonprofit dedicated to supporting new governance models in K-12 education. Credit: Arnold Ventures. Centaurus, which started in 2002 with just a handful of traders and now has 70 employees, focuses on this virtual kind of trading. John Arnold is Founder and Co-Chair of Arnold Ventures. [49], Arnold is married to Laura Elena (Muoz) Arnold. World No. We are Centaurus. At its peak Centaurus managed some $6 billion before Arnold closed the fund and retired in 2012 at the age of 38, establishing the Laura and John Arnold Foundation with his wifea former oil executivesoon after. Whole Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, launched a similar LLC (the Chan-Zuckerberg Initiative) in 2015, with Zuckerberg transferring some 99 percent of his shares in the social media company to the LLCan amount reportedly exceeding $45 billion. Arnold Ventures' John Arnold: Now is the Time to Reform Charitable Giving Laws. In 2010 the Arnolds had signed the Giving Pledge, promising to give away at least half their wealthand he wanted to be as strategic about that goal as he had once been about trading. John Ioannidis was put in touch with the Arnolds in 2013. 1 Jon Rahm is a heavy favorite to win his fifth PGA Tour title in 2023 this week at the Mexico Open. Luce's career in natural-gas storage includes leading roles with energy and utility company Sempra Energy and with NGS Energy, a developer backed by billionaire energy trader John Arnold's Centaurus Advisors hedge fund. The National Institutes of Health is moving forward with new requirements for data sharing; starting as early as this year, all NIH-funded training programs must include plans for teaching researchers the principles of reproducibility. Private, non-publicly traded companies are not obligated to do any of those things. The comedian John Oliver spent 20 prime-time minutes on HBO last May mocking the reign of terrible science on TV news shows and in public debate: After a certain point, all that ridiculous information can make you wonder: Is science bullshit? John Arnold, a former Enron trader and hedge fund honcho known as the "king of natural gas", . But compared with the benefit of near-total anonymity, wealthy elites like the Arnolds are forgoing the tax advantages of a foundation or traditional nonprofit to further withdraw from public scrutiny. It Depends On Who You Talk To", "How we Ranked Forbes 400 based on their giving", "Dog The Bounty Hunter Joins Lawsuit Against Chris Christie Over Bail Reform", "June Rodgers v. Christopher Christie, No. [3][8] At 14, he started his first company selling collectible sports cards called Blue Chip Cards. As a general rule, the incentives related to quantitative research are very different in the social sciences and in financial practice, says James Owen Weatherall, author of The Physics of Wall Street. [33] He . Hide Background LAURA AND JOHN ARNOLD FOUNDATION Family foundations John Arnold shocked the hedge fund world in 2012 when, at just 38 years old, he announced he would no longer manage other people's money. Arnold founded Centaurus with an $8 million employee bonus from Enron. Arnold graduated from Vanderbilt University in 1995, taking only three years to finish his degree. He has also served as the Investment Manager for the Laura and John Arnold Foundation since 2011. John E. Murray (1959-2018) wasnt famous like Ludwig von Mises, F.A. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. A Google search told him that the Arnolds were a young billionaire couple in Houston. Houstonian John Arnold is the founder of Centaurus Capital LP, an energy-focused, family office investment fund. In finance, meanwhile, at least when one is trading with ones own money, there are strong incentives to work to that stronger standard. One is literally betting on ones research.. He was widely quoted for his viewpoints on the industry by a government commission. Arnold is 5'10", trim, and blandly handsome, his unusually youthful appearance now somewhat concealed by a salt-and-pepper beard. IN THEIR philanthropy, the Arnolds like to say, they follow data where it leads rather than let themselves be guided by ideology. The Search for Long Covid Treatments Takes a Promising Turn. John Arnold President Houston, Texas, United States 12 followers Join to view profile Centaurus Capital Experience President - President Centaurus Capital View John's full profile See who. Once the foundation has identified areas where they believe they can make the biggest difference, they go all in. In a glass conference room at the Arnold Foundations officeswhich occupy the same space as the old Centaurus trading floor, a 15-minute drive from the glass tower whose entrance was once adorned with Enrons famous EArnold explains that his and Lauras initial plan had been to simply locate the most effective organizations and write them checks. In exchange for forgoing those revenues, the government requires a certain standard of public accountability for nonprofits, delivered through public disclosure of annual Form 990 filings and limits on political activities.