GHF Offers Oil Sands Hedge Fund

Aug 6 2010 | 11:17am ET

A Cayman Islands-based hedge fund firm has launched a new hedge fund that seeks to profit from the growth in oil sands production.

Global Hedge Fund Group said it has launched an oil sands-backed vehicle. The firm noted that industry research shows that oil sands production should triple by 2025—a development expected to particularly benefit the Canadian oil industry.

The Canadian Association of Petroleum Producers said that Canadian crude production will rise by 300,000 barrels per day by 2015, but that oil sands production will rise by 900,000 barrels per day. Globally, oil sands production is expected to rise from 1.4 million barrels per day to 3.6 million barrels per day by 2025, according to CAPP.


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Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.