Pickens' Hedge Fund to Trade on Oil Panic in Fundraise

Boone Pickens’ BP Capital hedge fund said now is the time to capitalize on panicked sentiment in energy trading as oil’s drop is mostly finished.

“The price has largely done what it needs to do to solve the demand and supply issue,” senior money manager David Meaney said in a telephone interview. “We see lots of interesting opportunities from a volatility perspective and to take advantage of panic.”