News
Hedge Fund Sees as new details emerge
Current reporting indicates (Bloomberg) -- Old West Investment Management went all in on energy stocks when oil was trading around $60 a barrel, Nicolás Maduro was still president of Venezuela and the prospect of a Middle East conflict that. Additional sourcing indicates Even ahead of the Iran war sent energy prices soaring, the wager had driven the firm's flagship fund to a 31% return this year -- just not entirely for the reasons that its chief investment officer.
(Bloomberg) -- Old West Investment Management went all in on energy stocks when oil was trading around $60 a barrel, Nicolás Maduro was still president of Venezuela and the prospect of a Middle East conflict that. Additional sourcing indicates Even ahead of the Iran war sent energy prices soaring, the wager had driven the firm's flagship fund to a 31% return this year -- just not entirely for the reasons that its chief investment officer. The latest accounts show Most Read from Bloomberg I don't know if we were lucky in it or just that these types of events highlight the importance of those types of scarce resources, reported Brian Laks, the CIO of Old. According to updated reporting Old West's decision to increase its energy-stock exposure from the single digits to over 30% of its holdings stemmed from a call that looked far more predictable. Additional sourcing indicates Many in the industry had been expecting oil prices to drop as new supplies hit the market and slowing growth curbed demand. The latest accounts show It appeared the sector's stocks were poised to rally back from a lagging run., When that didn't happen.
Key Facts
- (Bloomberg) -- Old West Investment Management went all in on energy stocks when oil was trading around $60 a barrel, Nicolás Maduro was still president of Venezuela and the prospect of a Middle East conflict that.
- Even ahead of the Iran war sent energy prices soaring, the wager had driven the firm's flagship fund to a 31% return this year -- just not entirely for the reasons that its chief investment officer.
- Most Read from Bloomberg I don't know if we were lucky in it or just that these types of events highlight the importance of those types of scarce resources, reported Brian Laks, the CIO of Old.
- Old West's decision to increase its energy-stock exposure from the single digits to over 30% of its holdings stemmed from a call that looked far more predictable.
- Many in the industry had been expecting oil prices to drop as new supplies hit the market and slowing growth curbed demand.
Primary Source
Research Sources
- Yahoo! Finance — Hedge Fund Sees 31% Gain From Oil-Stock Bet Before Prices Surged