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Hedge funds sneak back into energy sector

Fund managers bottom-feed in oil rout after large investors divest
Thursday, February 19, 2015 - 05:50

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MONEY MOVES: Warren Buffett's Berkshire Hathaway has sold its 41 million shares of Exxon Mobil (above) while activist hedge fund ValueAct Capital has acquired big new positions in Halliburton and Baker Hughes, two oil field services companies that agreed to a merger.

BT_20150219_HEDGE19_1523747.jpg
MONEY MOVES: Warren Buffett's Berkshire Hathaway has sold its 41 million shares of Exxon Mobil while activist hedge fund ValueAct Capital has acquired big new positions in Halliburton (above) and Baker Hughes, two oil field services companies that agreed to a merger.

New York

A FEW hedge fund managers have been tiptoeing back into the beaten-down energy sector.

While many investors, including Warren Buffett, were selling energy stocks in the final three months of 2014, several hedge funds sought to profit on the turmoil, regulatory filings

sentifi.com

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