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
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...