Hedge Funds
Commodity Trader King Eyes $200 Oil After Record Hedge Fund Gain
- Doug King says lack of capex to push energy prices higher
- Fund sees challenges for OPEC+ members, including Russia
Photographer: Andrey Rudakov/Bloomberg
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A hedge fund run by commodities trader Doug King posted a record return last year, thanks to soaring energy, food, power and freight prices.
King’s $244 million Merchant Commodity Fund gained 74%, beating its previous best of 59% in 2014, according to an investor letter seen by Bloomberg.