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Sissener Canopus exits Golden Ocean stake after spring rally

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Nordics-focused hedge fund Sissener Canopus has divested its holdings in Golden Ocean Group, an Oslo-listed shipping company backed by Norwegian-Cypriot shipping magnate John Fredriksen, according to a report by TradeWinds. 

In its May monthly report, Sissener Canopus stated: “In light of the strong price development over a short period, we decided to sell our shares in Golden Ocean Group”. 

Sissener Canopus had initially acquired stock in Golden Ocean in February. The swift appreciation in share price prompted the fund to capitalise on its gains, leading to the decision to exit the investment.  

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