Hedge Funds Bet On Energy To Boost Returns In 2015

As we mentioned in a previous post, hedge funds took a distinct interest in energy sector towards the end of last year. A quarterly review of hedge fund holdings by Goldman Sachs confirms this. The report noted that entering into 2015, hedge funds had a record net long exposure of 57%, as they stood overweight in the energy sector. Move in before higher oil prices WTI crude once again fell below $50/barrel on February 23, fueling chances of an emergency OPEC meeting. Even though the price of oil has halved in less than a year, hedge funds took the last quarter as an…