New Hedge Fund Delivering Out-Sized Returns

HITC Business Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it’s a bet that has plenty of room to run. Bloomberg News reports that Titan Opportunities Fund, set up by Espen Westeren and Fredrik Halvorsen, has returned 46% in its first nine months….

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