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It’s the latest sign that investors are recalibrating as oil flirts with $100 a barrel, while green stocks get pummeled by a combination of higher borrowing costs and supply-chain bottlenecks. Sectors that were supposed to benefit from climate subsidies, such as solar and wind, are now being shorted by a number of hedge funds. Meanwhile, oil majors are doubling down on plans to expand their core business. ....
HITE Hedge Founder James Jampel Says Strategy Shorting Oil Stocks Blew Up bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) A hedge fund manager who made a name for himself shorting fossil fuel stocks says the strategy is no longer viable, as oil’s ascent proves too strong to fight.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid Tensions‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets WrapRupert Murdoch to Leave Helm of Empire After Seven Dec ....
Hedge Fund Boss Who Shorted Oil Stocks Says Strategy Blew Up bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
HITE Hedge Founder James Jampel Says Strategy Shorting Oil Stocks Blew Up bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.