Katana’s Hedge Fund Bets on Coal Producers, Asset Managers

Bloomberg – Katana Capital Ltd., manager of Australia’s fifth-best performing hedge fund this year, is betting on coal as growth in China and India fuels energy demand.

“Australia is in a lot of respects the Saudi Arabia of the coal market,” Perth-based fund manager Romano Sala Tenna said in an interview yesterday. “The beautiful thing about that sector is that if you use a ton of coal tomorrow, the next day I can sell you another ton of coal.”

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