Yes, there really is a peak oil hedge fund.....
Posted: 15 Sep 2009, 14:59
http://www.greenbang.com/yes-there-real ... 11529.html
http://www.hedgeco.net/news/09/2009/pea ... aunch.html
Never underestimate the willingness of investors to cash in on disaster. If you know that, you won’t be surprised to learn that a new hedge fund is now focused on the looming spectre of peak oil.
Announced last week, the Peak Oil Value Fund was launched by logi Energy LLC and is believed to be a first in the marketplace.
“We believe that the effects of peak oil on the markets are a temporary global macro series of events,” said Larry Ortega, CIO of the Peak Oil Value Fund. “We only have a few years to take advantage of these opportunities.”
The new fund will target investments in publicly traded equities and equity options; oil in storage; oil, gas and heating oil spreads in the futures markets; oil and gas exploration firms; and oil and gas fields.
“Our superb models developed by our deep, complex team of expert geophysicists, mathematicians, oil professionals and oil traders have been able to predict and identify the fluctuations of oil prices and indicate when we expect prices to move based on both fundamentals of oil production and demand as well as storage, refinery processing, price action and economic utilization,” Ortega said. “They are not perfect, but we’re extremely pleased with the results. We invest like Warren Buffett, which is we make our money when we purchase our positions at deep value, thus the effects of our errors are minimal. Our difference is that in most of our strategies we also hedge nearly every position we take.”
Hmm, what can we expect next? The Peak Water Hedge Fund? The Global Pandemic Hedge Fund? The Climate Chaos Hedge Fund?
The mind boggles at all the possibilities.
http://www.hedgeco.net/news/09/2009/pea ... aunch.html
Never underestimate the willingness of investors to cash in on disaster. If you know that, you won’t be surprised to learn that a new hedge fund is now focused on the looming spectre of peak oil.
Announced last week, the Peak Oil Value Fund was launched by logi Energy LLC and is believed to be a first in the marketplace.
“We believe that the effects of peak oil on the markets are a temporary global macro series of events,” said Larry Ortega, CIO of the Peak Oil Value Fund. “We only have a few years to take advantage of these opportunities.”
The new fund will target investments in publicly traded equities and equity options; oil in storage; oil, gas and heating oil spreads in the futures markets; oil and gas exploration firms; and oil and gas fields.
“Our superb models developed by our deep, complex team of expert geophysicists, mathematicians, oil professionals and oil traders have been able to predict and identify the fluctuations of oil prices and indicate when we expect prices to move based on both fundamentals of oil production and demand as well as storage, refinery processing, price action and economic utilization,” Ortega said. “They are not perfect, but we’re extremely pleased with the results. We invest like Warren Buffett, which is we make our money when we purchase our positions at deep value, thus the effects of our errors are minimal. Our difference is that in most of our strategies we also hedge nearly every position we take.”
Hmm, what can we expect next? The Peak Water Hedge Fund? The Global Pandemic Hedge Fund? The Climate Chaos Hedge Fund?
The mind boggles at all the possibilities.