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Occidental Seen As A Rare Victory For Hedge Funds Tracking Corporate Jets

by reuters.com posted 1week ago 10 views
(Reuters) - Hedge funds paying upward of $100,000 per year to track the flights of corporate jets were vindicated when Occidental Petroleum Corp announced two deals last week that matched locations the U.S. oil and gas company’s private plane had recently visited. Tracking corporate jets often fuels speculation that makes predicting where a company’s next deal may come from harder rather than easier, according to several hedge fund analysts interviewed by Reuters.

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