Isle of Man hedge fund wins prestigious award

Isle of Man Today- An Isle of Man hedge fund has won a prestigious industry award on the third occasion it was shortlisted.

Oceanic Hedge Fund was named Best Energy Hedge Fund on a Risk Adjusted Basis at the eighth annual Hedge Funds Review’s European Performance Awards in 2008.

The fund – which focuses on energy and shipping – was launched in August 2002 with less than US$ 5 million in net assets, but now has assets of $1.7 billion.

Its investment manager is Oceanic Investment Management, a subsidiary of Tufton Oceanic, based at St George’s Court in Douglas.

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