Arnold grew up in Dallas. We are Centaurus. In Wall Street circles Arnold, who is in his late 30s, has been known to some as the king of natural gas.. 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. 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. According to Forbes, Arnold has a personal fortune of $3 billion as of March, putting him at No. En 2002, us su bonificacin para financiar Centaurus . A guy such . Regulators have to figure out how to get them on the market. IN THEIR philanthropy, the Arnolds like to say, they follow data where it leads rather than let themselves be guided by ideology. We asked ourselves, What is the point of having two separate entities? Arnold has said that the first phase of his life was 100 percent trying to make money and that its now 100 percent trying to do good. As The Wall Street Journal noted, in US history, there may have never been a self-made individual with so much money who devoted himself to philanthropy at such a young age.. As Nosek tells it, John Arnold had read about the Reproducibility Project in The Chronicle of Higher Education and wanted to talk. 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. 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. By 2009, Centaurus was managing over $5 billion and had more than 70 employees. John Arnold. It is the essential source of information and ideas that make sense of a world in constant transformation. After initially working on the Crude Oil desk, John moved over to the Natural Gas Desk upon the departure of Jeff . John E. Murray (1959-2018) wasnt famous like Ludwig von Mises, F.A. 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. [30] The former foundation was sued over a pre-trial web tool by the family of a victim who was murdered, but the District Court and a U.S. Appellate Court dismissed the complaint. 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." . And so, at age 38, Arnold walked away from it all. . WIRED is where tomorrow is realized. Arnold was not criminally charged with any wrongdoing at Enron, but he was named in a bankruptcy lawsuit by other Enron staff. Given our enormous appetite for policy change, and given the fact that we thankfully are not constrained by one structure, we dont have resources channeled only to the C3. And Noseks project was an attempt to head it off at the pass. Arnold says that now, unless he trusts a researchers work, he no longer believes the findings of any scientific study until he or someone on the staff carefully vets the paper. But among hedge funders and energy traders, Arnold is a legend. Arnold is careful not to lump all researchers together when he talks about the problems in science. 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. ISSN 1532-1231 [35], In 2019, the organization was transformed into a limited-liability company composed of the former foundation, a donor-advised fund, and the Action Now Initiative advocacy organization, effectively combining philanthropy, research, policy, and advocacy efforts. Centaurus Advisors - John Arnold assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Science Has Its Problems, But the Web Could Be the Fix, Psychology Is in Crisis Over Whether Its in Crisis, Why Most Published Research Findings Are False.. Laura and John Arnold, co-founders and co-chairs of Arnold Ventures. The IRS strictly regulates foundations and nonprofits engaged in political work, such as lobbying and voter registration. Arnold funds Institute for Clinical and Economic Review (ICER), a nonprofit that created a formula to price drugs. Late on Saturday, September 16, Amaranth's senior energy trader Brian Hunter asked John Arnold, Centaurus CEO, whether the hedge fund would like to make a bid for some of Amaranth's positions. A number of the Arnolds reform efforts have focused on fixing nutrition science. May 17 (Reuters) - John Arnold, a former Enron trader and hedge fund honcho known as the "king of natural gas", is backing an energy-focused credit fund that will aim to take advantage of. Now He's Declared War on Bad Science. [49], Arnold is married to Laura Elena (Muoz) Arnold. A new study shows are the four most dangerous words, Arnold wrote on Twitter. Written. Guest: John Arnold is an American philanthropist and founder of Arnold Ventures. [38], In 2020, Arnold was one of ten billionaires who had given away at least 20% of their wealth. George Soros, Soros Fund Management - $1.1 billion. In some cases, they may even have more favorable tax deductions when donating appreciable securities to a 501(c)(3) public charity. Centaurus will be returning capital to investors, according to a Reuters report that cited an unnamed investor who said the wind-down was described in a letter sent by Arnold to investors. A new study shows . Closing Arnold, who specializes in trading natural gas, is the former Enron trader who launched Centaurus in 2002 with the $8 million bonus he received from Enron after making the firm $750 million. But figuring out which organizations were most effective turned out to be vexing. For now it's John Arnold. New clinical trials could more effectively reach solutions. He and a graduate student were developing an online system that would allow researchers to keep a public log of the experiments they were running, where they could register their hypotheses, methods, workflows, and data as they worked. Laura and John Arnold have a net. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Constitutionalists would add that the entire relationship is hedged in by the First Amendments guarantee of free speech, lest disclosure rules encompass an individuals right to support lawful causes of their choosing without facing public backlash for holding unpopular opinions. She is co-founder of Arnold Ventures LLC. Featured groups, golf odds, expert picks plus matchups and props with information you can bet on. Arnold figures that some of his specific grants might not work out as planned. He was formerly Senior Investigative Researcher at Capital Research Center. It became one of the biggest science stories of the year. 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. The legal reporting required for these categories, as annoying as it is, is how our democracy ensures that giving and political activity remain visible and accountable to the public. In its first seven years, according to Fortune, the fund never returned less than 50 percent. Theres no fake it until you make it with General John Shaw, the Guardians who serve with him sleep better knowing hes at the helm. As co-founders, Laura and John actively engage in the organization's overall direction and daily execution. [37] He proposed that foundations and DAFs should spend at least 7% annually, which would result in billions of dollars more being given to charities,[30] and that DAFs should be legally held to an annual minimum distribution. A 2016 study to determine the effectiveness of the badges showed that the number of articles that reported publicly available data had increased tenfold. John Arnold, co-founder of the Laura and John Arnold Foundation, was dubbed the King of Natural Gas in the nascent days of online energy trading at Enron. John Arnold, then head of the hedge fund Centaurus Advisors, testifies before the Commodity Futures Trading Commission in Washington, August 5, 2009. Arnold Ventures is a group of more than 100 passionate people from all walks of life who feel a deep urgency to help people in need. John Arnold managed to walk away from Enrons 2001 collapse with a seven-figure bonus and no accusations of wrongdoing attached to his name. As far as big dollar donors go, John Arnold and his wife, Laura, are not well known to conservatives. Philanthropy Is for the Living. [30][31], In 2013, the Arnolds donated $10 million as a private donation to the National Head Start Association after the United States federal government shutdown of 2013 had closed the pre-K Head Start programs. Form The incentives to produce positive results were so great, Nosek and others worried, that some scientists were simply locking their inconvenient data away. ioneer Ltd has gained a substantial shareholder in Centaurus Capital L.P, which now holds a 7.84% stake with more than 131.5 million shares.This status was reached after US-based Centaurus . 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. Theyve also lavishly supported the Reproducibility Project, a science reform group formed to combat the rise of politicized, ideologically driven junk science afflicting so much research, particularly in climate science. Laura Arnold, 43, and John Arnold, 42 Co-founders of the Laura and John Arnold Foundation The Houston couple with three children work full time to give away John's $2.8 billion fortune. Amaranth, which was gambling with money from large pension funds, suffered a $6 billion loss and collapsed. Fight back. Arnold has said that the first phase of his life was 100 percent trying to make money and that its now 100 percent trying to do good.. Following an incredibly successful trading year in 2001, Arnold was awarded an $8 million bonus, which he used to kick off Centaurus .
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