This KKR backed hedge fund beat its benchmark with defensive positions amid heavy oil volatility

After a difficult month for the energy sector, the KKR backed BlackGold Opportunity Fund was down 1.3% for August, bringing its year-to-date return to 6.9%. The fund outperformed its benchmark, the Barclays HY Energy Index, which declined 2.5% in August and is up 3.4% for the first eight months of the year.

Defensive positioning outperforms the benchmark
The BlackGold team credits their defensive positioning with midstream credits and higher rated credits for the fund's outperformance against its benchmark. They also said in their August update, which was reviewed by ValueWalk, that the energy market has been in a recession for about the last five years


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted & limited time offer for being a sophisticated and loyal reader.

ValueWalkPremium is a website and newsletter on the latest industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 4/30/2020 or after the next 40 subscribers take advantage whichever comes first – please do not share this discount with others