Despite Oil Volatility, Brenham Capital Up Double Digits For 5th Consecutive Year

Brenham Capital, the energy-focused hedge fund returned -3.9% and net of fees for the quarter ending December 31 bringing returns for the year to 15.2%. Since inception (January 2012) the fund has returned 134.9% net of fees and has never had a losing year or even a year with a return below 11.7%, an astounding feat especially in light of the volatility in oil prices. Also see: 2016 Hedge Fund Letters Oil-Focused Brenham Charges Ahead With Strong Returns In the year when the price of oil doubled, Brenham was offered plenty of opportunities to outperform. In the fourth quarter and…