Former Fredriksen execs' hedge fund takes big hit on shipping

A hedge fund established by several of John Fredriksen's former key employees finished 2018 with a negative yield. "It was a perfect storm in the fourth quarter," says the fund.

Photo: Bloomberg

Norwegian-British hedge fund Titan Opportunities, which was established by several of John Fredriksen's former key employees, lost more than 20 percent on its investments in shipping and offshore in 2018, reports Dagens Næringsliv.

Titan Opportunities booked a yield of negative 22.9 percent in 2018. The second half of the year in particular was hard on the company's investments.

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