Dorset Energy looks to Europe to drive oil-focused hedge fund

Professional Adviser
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The $22m Dorset Energy hedge fund is seeking European investors in a push of the portfolio, which i...

The $22m Dorset Energy hedge fund is seeking European investors in a push of the portfolio, which is aiming for absolute returns from investing predominantly in the oil sector. David Knott, portfolio adviser, said the long/short fund is currently focusing on pairs trades as it is finding few opportunities in any focused shorts. Recently, the fund has been long on two key Canadian stocks, Canadian Natural and Talisman, and has been short on Spinnaker Exploration in the US. The reasons for the long positions, said Knott, were that the Canadian stocks were selling at less than their ...

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