Hedge Funds Jump On Falklands Oil Search

Hedge funds have been quietly building up stakes in the developing oil explorers operating off the Falklands, betting that companies will disregard the threats made by Argentina to disrupt the activity.

As quoted in market news.

One of the longer-time backers of the sector has been the RAB Special Situations fund, which owns more than 10 percent of Falkland Oil & Gas (FOGL.L) and which has 28 percent of its portfolio invested in the company. The shares were unchanged at 62.5 pence on Wednesday, valuing the company at 200 million pounds.

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