Energy spike spurs clear winners and losers

Sat Oct 1, 2005



E nergy was the name of the game in August, its volatility leading to clear winners and losers among long/short equity funds. With a big upward spike in prices (light, sweet crude climbed about $10 per barrel that month to hit an all-time high of $70.85 on August 30), and the ensuing breakdown of historical correlations among natural gas, power and oil, equity funds reported a wide range of results....

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