Lansdowne, Odey Hurt By Energy Shorts In 2016

Despite the rebound in oil prices, some hedge funds have stuck to their short positions in the energy companies in the U.K. that were all the rage last year. Most of these energy shorts have performed very poorly so far, and short interest is also down from 2015 levels in many of these names. However, hedge funds like Lansdowne Partners and Odey Asset Management have continued to short some players in the energy sector.

Also see Hedge Fund Letters To Investors - A Compilation Of Top Funds

One of the U.K.'s leading hedge funds, Lansdowne Partners, has been shorting Tullow Oil and Weir Group for quite some time now. Weir Group is a services provider for E&P companies but also provides equipment and...