Thursday, 2 July 2015
Last updated 1 hour ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…