Analysis
Hedge Fund Beats Peers With Bets on Oil Tankers While Cutting AI
A Hong Kong hedge fund that outperformed 97% of its peers allocates 11% of its $200 million portfolio to oil transport and 6.1% to shipbuilders as of April. Chief investment officer Michael Wang says the tanker cycle could remain strong into 2028–2029 due to constrained supply, contrasting with the risky AI trade where tech companies face massive capital expenditure with uncertain returns.
