Hedge-fund hotshot made $1B betting on oil

NYP – Wall Street is buzzing about hedge-fund hotshot Zach Schreiber, whose New York firm reaped $1 billion last year betting on the oil bust, Bloomberg News reported.

Schreiber — a relative unknown even in hedge-fund circles — sounded the alarm in May when he warned a gathering of bigwig moneymen that the price of oil would plunge.

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