ESG & Investing
Hedge Funds Cut Nuclear Technology Exposure After ‘Hard’ Rally
Money managers remain positive about sector’s long-term future as demand for clean energy picks up.
Investing in nuclear power emerged as one of the hottest energy themes of the year.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Some hedge fund managers are sounding the alarm on overvalued nuclear power stocks and scaling back exposure after a stunning rally this year.
Sydney-based Tribeca Investment Partners and Segra Capital Management in Palm Beach, Florida, are among funds that have recently trimmed bets on nuclear technology developers and utilities.