Low Oil Volatility From US Shale Production Hurts AstenbeckMark Melin
As price volatility was sucked from oil markets due to steady U.S. production, Astenbeck Capital Management LLC found difficulty in 2013.
Astenbeck, with $3.5 billion under management, lost 8.3% in 2013 and carried that momentum into 2014 with a 2.1% haircut, according to an investor letter reviewed by ValueWalk.
While spot WTI crude prices were up 7.2% in 2013, fund manager . . .
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