Hedge Funds
Andreas Halvorsen hedge fund management firm, with nearly $30 billion under management, benefited from long solid contributions from health care and financials, which provided more than 1 percent each. While an individual energy short helped VGE, contributing 0.9 percent to performance, most of the short book was a drag on performance in the first half of 2015. Further, the fund’s long equity exposure in the energy segment were also negatively impacted overall performance along with negative returns in industrials and railroad investments the fund made. Going into August, Viking’s top long exposure heavily favored the healthcare segment, with a distinct trend...