Oil

FUND PERFORMANCE

Energy hedge fund Westbeck’s momentum halted, as rising Covid cases send oil equities into retreat

Energy hedge fund Westbeck’s momentum halted, as rising Covid cases send oil equities into retreat

Energy-focused hedge fund manager Westbeck Capital Management’s flagship strategy has suffered its first monthly loss in eight months, after surging coronavirus rates in China, Europe and North America dented oil markets – but the fund remains up more than 70 per cent since the start of the year.

OIL

Black gold rush: Energy hedge funds’ bullish bets pay off as oil soars to near-three-year highs

Black gold rush: Energy hedge funds’ bullish bets pay off as oil soars to near-three-year highs

Energy-focused hedge funds are capitalising on oil’s continuing price surge, as the commodity hit its highest level since 2018 this week.

Hedge fund managers that trade across the oil market and energy equities spectrum have generated eye-catching double-digit returns this year, as bullish bets built around price rises driven by reopening economies pay off.

COMMODITIES

Commodities hedge fund Westbeck outflanks benchmarks, as oil correction offers “big buying opportunity” in Q2

Commodities hedge fund Westbeck outflanks benchmarks, as oil correction offers “big buying opportunity” in Q2

The recent dip in oil markets is a “healthy correction” which heralds attractive buying opportunities, according to London-based commodities-focused hedge fund Westbeck Capital Management, which maintained its positive Q1 momentum despite March’s pullback.