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Hedge funds hook shipping stocks grappling for recovery

Reuters  |  LONDON 

By Maiya Keidan and Jonathan SaulLONDON (Reuters) - Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry.Hedge funds made initial forays into shipping stocks in the third quarter of 2017, but significantly stepped up their bets in the final three months of the year, U.S. Securities and Exchange Commission filings compiled by Symmetric show."Shipping has been in a terrible trough for a number of years," Chris Walvoord, global head of hedge fund research at investment consultant ...

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First Published: Thu, February 15 2018. 22:50 IST
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