Anaconda Invest is deliberately ignoring commentary from US President Donald Trump on the Iran conflict, as the energy-focused hedge fund looks to cut through what it sees as excessive market noise, according to a report by Bloomberg.
Renaud Saleur, Chief Executive of the Geneva-based manager, says the firm is focusing on fundamentals rather than political rhetoric, arguing that the volume and frequency of statements make them difficult to factor into investment decisions.
The stance comes amid heightened geopolitical tensions that continue to drive volatility across global energy markets. Since the escalation of hostilities involving Iran at the end of February, oil prices and related equities have seen sharp swings as expectations around supply disruption and diplomatic outcomes shift.
Against this backdrop, Anaconda has been increasing exposure to oil services and tanker companies. The fund has added positions in Baker Hughes and Frontline during March, while maintaining holdings in SLB and other energy infrastructure names. The strategy has helped deliver gains of around 35% year to date, according to Saleur.
The manager, which oversees approximately $150m in AUM, has held a bullish view on oil since December, citing structural supply risks and the likelihood of a prolonged adjustment period in global energy markets.
