Hedge Funds

Tufton extends reach with transport play


Tufton Oceanic, the maritime and energy-focused specialist investment firm based in London, is preparing a new fund that will focus on the transportation sector and is set to debut in January.

The Tufton Transport Investment Fund will run with a similar strategy to the firm's highly successful $1.5 billion Oceanic Hedge Fund that is focused on the shipping, oil services and energy sectors - but will cover other markets in the transportation world.

Andrew Barker and Raymond Maguire will manage the fund. Both were previously managing directors at UBS, where Barker founded and led the firm's top-ranked global