Old West Investment Management has delivered a 31% gain for its flagship fund this year, thanks to a strategic increase in energy stock holdings long before recent geopolitical developments drove oil prices higher, according to a report by Bloomberg.
The Los Angeles-based hedge fund began raising its exposure to energy equities when crude oil traded around $60 a barrel, anticipating a rebound after years of underperformance. At the time, Venezuela remained under Nicolás Maduro, and fears of a Mi...
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