Tufton exploits stress in shipping and offshore oil services sectors

Mon Feb 23, 2009

Maritime and energy specialist Tufton Oceanic, which manages the highly successful and long-running $1.5 billion Oceanic Hedge Fund, is launching a new distressed investing strategy to exploit the severe stress in the maritime and offshore oil services sectors.

The Oceanic Distressed Fund, which will launch in the second quarter, will be managed by Erik Lind, Tufton's chief executive, along with Andrew Hampson, managing director of Tufton's asset-backed business unit. Both men have almost 30 years of experience in the sectors.

The maritime sector is highly cyclical, but...

ISSN: 2151-1845 / CDC10004H

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