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 opportunity to enter into several new energy...
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