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 full year letter, a copy of which has been reviewed by ValueWalk, the fund’s portfolio manager John labanowski writes December was a...