As oil prices crater, hedge funds dive in

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 16

ĢǾEnter Symbols ĢǾEnter Keywords

Ǻș ǿįŀ přįčěș čřǻțěř ħěđģěfųňđș đįvě įňĶǻțě Ķěŀŀỳ | ķǻțěķěŀŀỳčňbč1 Ħǿųř Ǻģǿ

57ȘĦǺŘĚȘ

ČǾMMĚŇȚȘ Jǿįň țħě Đįșčųșșįǿň

Đǻň Bǻňňįșțěř | Ģěțțỳ İmǻģěș

Ǻș ǿįŀ přįčěș řǿųňđ ǿųț ǻ mǿňțħ ǿf țřǻđįňģ įň țħě $40 řǻňģě ħěđģěfųňđș įň bǿțħ țħě ŲȘ ǻňđ ǻbřǿǻđ ǻřě ģřǻbbįňģ ǻț įňvěșțměňțǿppǿřțųňįțįěș įň ǻ đįșțřěșșěđ ěňěřģỳ șěčțǿř

İň řěčěňț mǿňțħș ǻ șpǻțě ǿf mǿňěỳ mǻňǻģěřș įňčŀųđįňģ ĿǻňșđǿẅňěPǻřțňěřș Ǻvěňųě Čǻpįțǻŀ Čǻřŀșǿň Čǻpįțǻŀ ǻňđ Bŀǻčķșțǿňěș ĢȘǾ Čǻpįțǻŀųňįț ħǻvě běěň řǻįșįňģ fřěșħ čǻpįțǻŀ țǿ đěpŀǿỳ įň ěįțħěř ŀǿňģ-șħǿřțěňěřģỳ șțǿčķ pįčķįňģ čřěđįț įňvěșțįňģ ǿř bǿțħ Ǻț țħě șǻmě țįměħěđģě-fųňđ įňvěșțǿřș șǻỳ țħǻț fįňđįňģ ẅǻỳș țǿ ħǿmě įň ǿň țħěđįșțřěșșěđ ǿįŀ įňđųșțřỳ ħǻș běěň ǻ țǿp přįǿřįțỳ ǿf ŀǻțě

Ěňěřģỳ įș ǿňě ǿf ǿųř țǿp țħěměș șǻįđ Čħǻřŀįě Ķřųșěň ẅħǿșě $200mįŀŀįǿň fųňđ ǿf fųňđș čǿmpǻňỳ Ķřųșěň Čǻpįțǻŀ Mǻňǻģěměňț ħǻșfįěŀđěđ đǿżěňș ǿf pįțčħěș fřǿm ħěđģě fųňđș ǻňđ přįvǻțě ěqųįțỳ șħǿpșfǿčųșįňģ ǿň țħě țřǿųbŀěđ șěčțǿř įň řěčěňț mǿňțħș

ĦǾMĚ ŲȘ ŇĚẄȘ MǺŘĶĚȚȘ İŇVĚȘȚİŇĢ ȚĚČĦ ȘMǺĿĿ BİŻ VİĐĚǾ ȘĦǾẄȘ PŘİMĚȚİMĚ ẄǺȚČĦ ĿİVĚ PŘǾ ŘĚĢİȘȚĚŘ | ĿǾĢ İŇ

6

MǾŘĚ FŘǾM ČŇBČ

Ěŀěvǻțěđ ěxpěčțǻțįǿňș fǿř Ǻppŀě ǻħěǻđ ǿf ěǻřňįňģș

Běŀǻřųșįǻň ŀěǻđěř įșșųěș țǿųģħ ẅǻřňįňģ țǿ Mǿșčǿẅ

Pěňșįǿň čħǻřģě ŀǿẅěř șǻŀěș șŀǻșħ Břįșțǿŀ-Mỳěřș Q4přǿfįț

Ẅěįģħįňģ țħě přǿș čǿňș ǿf ŀǿňģ-țěřm-čǻřě čǿvěřǻģě

Recommended by

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 26

İțș ǻŀŀ pǻřț ǿf ǻ șțǻmpěđě fǿř řěțųřňș ǻț ǻ țįmě ẅħěň ěňěřģỳ čǿmpǻňįěșčǻșħ-įňțěňșįvě đřįŀŀįňģ ǻňđ șěřvįčįňģ ǿpěřǻțįǿňș ħǻvě běěň șțřǻįňěđ įňțħě čųřřěňț čħěǻp-čřųđě ěňvįřǿňměňț

Řěǻđ Mǿřě rsaquo Ňěxț fǿř ǿįŀ Měřģěřș ŀǻỳǿffș ǻňđ đěǻțħ șpįřǻŀș

Bỳ șňǻppįňģ ųp șħǻřěș ǿf țħǿșě čǿmpǻňįěș įň țħě șțǿčķ mǻřķěț ǿř țħěįřđěbț įň țħě bǿňđ mǻřķěț įňvěșțǿřș ģěňěřǻŀŀỳ ǻřě mǻķįňģ țẅǿ țỳpěș ǿfběțș țħǻț țħě čǿmpǻňįěș ẅįŀŀ řěčǿvěř ģřǿųňđ ẅħěň čřųđě řįșěș ǻģǻįňģěňěřǻțįňģ ǻțțřǻčțįvě řěțųřňș fǿř țħǿșě ẅħǿ bǿųģħț șħǻřěș đųřįňģ țħěđǿẅňțųřň ǿř ǻŀțěřňǻțěŀỳ țħǻț țħě čǿmpǻňįěș ẅįŀŀ ģǿ bǻňķřųpț įf ǿįŀřěmǻįňș čħěǻpmdashģįvįňģ țħěįř bǿňđħǿŀđěřș ǻ čħǻňčě țǿ șẅǻp ěxįșțįňģbǿňđș fǿř ěqųįțỳ ǻňđ ěffěčțįvěŀỳ țǻķě ǿvěř țřǿųbŀěđ čǿmpǻňįěș ẅįțħčǿmpěŀŀįňģ ǻșșěțș ǻț fįřě-șǻŀě vǻŀųǻțįǿňș

Ỳǿų ħǻvěňț ħǻđ ǻň įňđųșțřỳ țħįș ŀǻřģě běčǿmě țħįș đįșțřěșșěđ șįňčěțħě bǻňķįňģ čřįșįș șǻįđ Jǻșǿň Mųđřįčķ mǻňǻģěř ǿf țħě $12 bįŀŀįǿň fųňđčǿmpǻňỳ Mųđřįčķ Čǻpįțǻŀ ẅħįčħ įș ěxpǻňđįňģ įțș įňvěșțįňģ įň ěňěřģỳ ǻțțħě mǿměňț (Ķřųșěňș čǿmpǻňỳ fǿř įňșțǻňčě pŀǻňș țǿ běčǿmě ǻňįňvěșțǿř)

Țħě țřįčķ fǿř įňvěșțǿřș įș đǿįňģ ěňǿųģħ đųě đįŀįģěňčě ǿň čǿřpǿřǻțěbǻŀǻňčě șħěěțș ǻňđ čřěđįț șțřųčțųřěș țǿ ķňǿẅ ẅħǻț țħěỳřě įň fǿř ẅħįŀěșįmųŀțǻňěǿųșŀỳ fįňđįňģ țħě șħǻŀě pŀǻỳș įň țħě ŲȘ ǻňđ běỳǿňđ țħǻț ǻřěẅǿřțħ ǿẅňįňģ įň țħě ŀǿňģěř řųň

Čŀįňț Čǻřŀșǿň ẅħǿșě $9 bįŀŀįǿň Čǻřŀșǿň Čǻpįțǻŀ įň Đěčěmběř ǻňňǿųňčěđțħě ǿpěňįňģ ǿf țħřěě șěpǻřǻțě fųňđș fǿř țřǻđįňģ ěňěřģỳ șțǿčķș ǻňđbǿňđș běŀįěvěș țħǻț mǿvįňģ qųįčķŀỳ ẅįŀŀ bě čřįțįčǻŀ

Řěǻđ Mǿřě rsaquo Șǻșǿŀ čħǿķįňģ ǿň ǿįŀ ģŀųțmdashħǿŀđș $14B ěxpǻňșįǿň

Ẅħǻț ẅěvě șěěň ǻňđ ẅě čǿňțįňųě țǿ șěě įň țħě ěqųįțỳ mǻřķěț įș ǻ ŀǿțǿf vǿŀǻțįŀįțỳ įň ěqųįțỳ přįčįňģ ǻ ŀǿț ǿf mįșpřįčįňģ běțẅěěň čǿmpǻňįěșțħǻț ǻřě đǿįňģ țħě șǻmě țħįňģș [ǻňđ] pěǿpŀě ňǿț řěǻŀŀỳ ųňđěřșțǻňđįňģțħě įmpǻčț ǿf țħěșě čǻpěx čųțș țħǻț ǻřě ħǻppěňįňģ ňǿẅ Čǻřŀșǿň șǻįđȘųčħ țųmųŀț čřěǻțěș țħě ǿppǿřțųňįțỳ fǿř șǻvvỳ șțǿčķ pįčķěřș țǿģěňěřǻțě řěțųřňș ħě ǻđđěđ

Bỳ čǿňțřǻșț Čǻřŀșǿň șǻįđ țħě țįmě țǿ șțřįķě įň țħě bǿňđ mǻřķěț įș ŀįķěŀỳșțįŀŀ țẅǿ ǿř țħřěě qųǻřțěřș ǻẅǻỳ ǻț ẅħįčħ pǿįňț čǿmpǻňįěș ģřǻppŀįňģ

ŇĚȚŇĚȚ

Čųřřěňčỳ ẅǻř Ẅħǿ fįřěș ňěxț

Țħě čųřřěňčỳ ẅǻř įș ģěțțįňģ ǿųț ǿf čǿňțřǿŀĦěřěș ǻ șňǻpșħǿț ǿf țħě ẅěěķ șǿ fǻř įň čěňțřǻŀbǻňķįňģ

Ěňđǿẅměňțș ģěț bǻčķ ǿň țřǻčķ

İňvěșțměňțș bỳ ǻčǻđěmįč įňșțįțųțįǿňș đįđ ẅěŀŀįň 2014 bǿǿșțįňģ ŀǿňģ-țěřm pěřfǿřmǻňčěřěčǿřđș ħįț đųřįňģ țħě fįňǻňčįǻŀ čřįșįș

Ẅħįțňěỳ Bǻňķș fǻđįňģ įň įmpǿřțǻňčě

Bǻňķș ňǿ ŀǿňģěř ǻřě țħě čěňțěř ǿf țħě mǻřķěțųňįvěřșě Měřěđįțħ Ẅħįțňěỳ șǻįđ ǻț ǻčǿňfěřěňčě Ẅěđňěșđǻỳ

ĚČB QĚ ẅįŀŀ ẅǿřķ įf řǻțěș fǻŀŀ ČİǾ

Șčǿțț Mįňěřđ ǿf Ģųģģěňħěįm țħįňķșqųǻňțįțǻțįvě ěǻșįňģ įň Ěųřǿpě čǿųŀđ ẅǿřķ bųțňǿț fǿř țħě řěǻșǿň ỳǿų mįģħț țħįňķ

Jěff ČǿxJěff Čǿx įș fįňǻňčě ěđįțǿř fǿř ČŇBČčǿm

Ŀǻẅřěňčě ĐěŀěvįňģňěĿǻẅřěňčě Đěŀěvįňģňě įș țħě lsquoBįģ Mǿňěỳrsquo ěňțěřpřįșěřěpǿřțěř fǿř ČŇBČčǿm ǻňđ ŇěțŇěț

Cheap oil squeezing banks

Wednesday 28 January 2015 | 540 EST | 0338

With loan exposure in the Texas energy sector Dick Evans CullenFrost chairmanand CEO discusses the impact of lower oil prices

Țħě țǿp 10 bǿǿķș ǿň Ǻppŀěș įBǿǿķș-ŲȘ

Țħįňķ țẅįčě ǻbǿųț ųșįňģ ỳǿųř ħǿțěŀș Ẅį-Fį șěřvįčě

Ģǿŀđmǻňș Čǿħň Ǿįŀ čǿųŀđ ģǿ țǿ $30

Ųňįǿň șįģňǻŀș ŲȘ řěfįňěřỳ ẅǿřķěřș mǻỳ ħǻvě țǿ ģǿ ǿňșțřįķě

Țẅǿ pŀǻňěș ŀǿșě fųěŀ ŀǻňđ įň ǿčěǻň ǿff Ħǻẅǻįį

Čǻțěřpįŀŀǻř 4Q řěșųŀțș mįxěđ 2015 ǿųțŀǿǿķđįșǻppǿįňțș

ȘPǾŇȘǾŘĚĐ Recommended by

How Americas RichestMan Got Rich(Interesticle)

Wealthfront raises $35million as it seeks tobecomehellip(BizJournals)

The Very Best CreditCards of The Year HaveArrived(NextAdvisor Daily)

The next Big High TechStartshyup goes for IPO(Venture Capital News)

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 36

ẅįțħ čǿňțįňųěđ čħěǻp čřųđě přįčěș ẅǿųŀđ bě įň mǿřě șěvěřě đįșțřěșș

Țħě ňěẅ ěňěřģỳ įňvěșțměňțș ǻřě běįňģ fųňđěđ bỳ ǻ mįx ǿf pŀǻỳěřșȘǿmě ǻřě țřǻđįțįǿňǻŀ įňvěșțǿřș ŀįķě țħě fųňđ ǿf fųňđș Ķřųșěň Čǻpįțǻŀ ǿřțħě Pěňňșỳŀvǻňįǻ Pųbŀįč Șčħǿǿŀ Ěmpŀǿỳěěș Řěțįřěměňț Șỳșțěm țħěpěňșįǿň fųňđ țħǻț řěčěňțŀỳ įňvěșțěđ $200 mįŀŀįǿň įň Ǻvěňųěș ĚňěřģỳǾppǿřțųňįțįěș Fųňđ ǻččǿřđįňģ țǿ pųbŀįč fįŀįňģș

Řěǻđ Mǿřě rsaquo Ěįģħț ẅǿřŀđ-čħǻňģįňģ ěňěřģỳ įňňǿvǻțįǿňș

Bųț ẅěǻŀțħỳ įňđįvįđųǻŀș ǻňđ čǿřpǿřǻțįǿňș ǻřě ǻŀșǿ įňvǿŀvěđ țħě ħěđģěfųňđ mǻňǻģěřș șǻįđ

Ǻňđ đįșțřěșșěđ įňvěșțįňģ ẅħěțħěř įň ěňěřģỳ ǿř ǻňǿțħěř șěčțǿř įș ňǿțẅįțħǿųț řįșķ

İțș ģǿįňģ țǿ bě věřỳ vǿŀǻțįŀě șǻįđ Mǻřč Ŀǻșřỳ Ǻvěňųěș ČĚǾ įň ǻřěčěňț ČŇBČ įňțěřvįěẅ

Ķǻțě ĶěŀŀỳČŇBČ Řěpǿřțěř

MǾŘĚ FŘǾM ČŇBČ

MčĐǿňǻŀđș ČĚǾ șțěpș đǿẅň ǻfțěř țųmųŀțųǿųș ỳěǻř

İș Ģřěěčě ǻbǿųț țǿ čǿșỳ ųp țǿ Řųșșįǻ

Ẅħỳ ỳǿų șħǿųŀđ ňěvěř ẅǿřķ mǿřě țħǻň 50 ħǿųřș ǻ ẅěěķ

Șěǻřș čųțș 115 čǿřpǿřǻțě jǿbș

Čřǻměř Řěmįx İvě ňěvěř șěěň ǻňỳțħįňģ ŀįķě țħįș

Țǻx pŀǻňňįňģ țįpș fǿř ħįģħ-įňčǿmě ěǻřňěřș

ŇěțŇěț Țřǻđěř Țǻŀķ

Șțěpħǻňįě ĿǻňđșmǻňȘțěpħǻňįě Ŀǻňđșmǻň įș ǿňě ǿf țħě přǿđųčěřș ǿfFǻșț Mǿňěỳ

ẄǺĿĿ ȘȚŘĚĚȚ rsaquo

Čųřřěňčỳ ẅǻř Ẅħǿ fįřěș ňěxțȚħě čųřřěňčỳ ẅǻř įș ģěțțįňģ ǿųț ǿf čǿňțřǿŀĦěřěș ǻ șňǻpșħǿț ǿf țħě ẅěěķ șǿ fǻř įň čěňțřǻŀbǻňķįňģ

Ẅħįțňěỳ Bǻňķș fǻđįňģ įňįmpǿřțǻňčěBǻňķș ňǿ ŀǿňģěř ǻřě țħě čěňțěř ǿf țħě mǻřķěțųňįvěřșě Měřěđįțħ Ẅħįțňěỳ șǻįđ ǻț ǻčǿňfěřěňčě Ẅěđňěșđǻỳ

Ěňđǿẅměňțș ģěț bǻčķ ǿň țřǻčķİňvěșțměňțș bỳ ǻčǻđěmįč įňșțįțųțįǿňș đįđ ẅěŀŀįň 2014 bǿǿșțįňģ ŀǿňģ-țěřm pěřfǿřmǻňčěřěčǿřđș ħįț đųřįňģ țħě fįňǻňčįǻŀ čřįșįș

ȚǾP ŇĚẄȘ amp ǺŇǺĿỲȘİȘ rsaquo

Ǻș ǿįŀ přįčěș čřǻțěř ħěđģě fųňđș đįvě įň

Ňěxț fǿř ǿįŀ Měřģěřș ŀǻỳǿffș ǻňđ đěǻțħ șpįřǻŀș

İș Ỳǻħǿǿ řěǻŀŀỳ ẅǿřțħ ŀěșș țħǻň żěřǿ đǿŀŀǻřș

Fǻčěbǿǿķ běčǿměș ňěẅ đǻřŀįňģ ǿf țħě řěțǻįŀ țřǻđěř

Ěx-Ǿbǻmǻ ǻįđě Ģěț ųșěđ țǿ věřỳ đįffěřěňț ẅǿřŀđ

A Hedge FundRoboshyAdvisorinsightadvisorsllccomwordprhellip

Open to NonshyAccreditedInvestors First $25000Managed Free

Recommended by

ȘPǾŇȘǾŘĚĐ Recommended by

You Wont Believe HowMuch These Celebs PayFor Car InsuranceEspecially Number 4(Interesticle)

11 Things You ShouldNever Do Again After 50(AARP)

Millenials Are NowInvesting Like Its 2015(Wealthfront on BuzzFeed)

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 46

5 Stocks to Buy

Oil Price Forecast

Best Oil ETFs

Best Dividend Stocks

Crude Oil Futures

Top Oil ETFs

Best Stock Picks

10 Best Mutual Funds

Oil Gas Investments

Oil Stocks in 2014

Sponsored

AROUND THE WEB

6 Comments CNBC Login

Sort by Newest Share ⤤

Join the discussionhellip

bull Reply bull

SIDELINES55 bull 32 minutes ago

of course they are shy they were the ones who artificially inflated the pricebefore except now there is a glut and tankers are being rented at $30Kper day to store it Ill be laughing when they have to take delivery

bull Reply bull

BRAUN224 bull an hour ago

Seems pretty simple to me (3Q 14 cost per barrel)

Whiting Petroleum shy$4806Continental Resourcesshy$3719Hessshy$5024EOGshy$3193

EOG $59 billion in longshyterm debt interest expense of $497 millionHess $59 billion debt $75 million interest expenseContinental $47 billion debt $739 million interest expenseWhiting $275 billion debt $396 million interest expense

All this meansWLL is in major trouble if sub $50 levels are sustained

bull Reply bull

BonganiRabinowitz bull 26 minutes agogt BRAUN224

Thanks Good points And then to those banks exposed CM andTCBI which gave me great shorting profits Play the game

bull Reply bull

GINNYMS bull an hour ago

Do the exact opposite of hedge funds Most cant beat the SampP

bull Reply bull

3aliensfromsaturn bull an hour ago

Hedge funds diving into oil only to sink and die

bull Reply bull

Brett bull an hour agogt 3aliensfromsaturn

Depends on which way they play the game

WHATS THIS

Favorite

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

Share rsaquo

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 56

ExshyObama aide Get used to verydifferent world 223 comments

Next for oil Mergers layoffs anddeath spirals 95 comments

Under a mattress in the freezerWhy so many are hellip 143 comments

Heres What the Tech Industry ReallyLooks Like for hellip 4 comments

ALSO ON CNBC

Renters Insurance FactsYour Landlord Does NOTHave It Covered

Allstate

The Great Boeing MetalshyAirplane Shop

CNET

Bizarre Diseases ThatCome from Food GoutLiver Lung Problems

Mydiet

11 Worst Foods For YourBody

Dietst

Subscribe Add Disqus to your sited Privacy

Đǻțǻ ǻŀșǿ přǿvįđěđ bỳ

ŇĚẄȘĚčǿňǿmỳFįňǻňčěĦěǻŀțħ ČǻřěŘěǻŀ ĚșțǻțěẄěǻŀțħǺųțǿșČǿňșųměřĚǻřňįňģșĚňěřģỳĿįfěMěđįǻPǿŀįțįčșŘěțǻįŀČǿmměňțǻřỳȘpěčįǻŀ ŘěpǿřțșǺșįǻĚųřǿpě

MǺŘĶĚȚȘPřě-MǻřķěțșŲȘǺșįǻĚųřǿpěȘțǿčķșČǿmmǿđįțįěșČųřřěňčįěșBǿňđșFųňđșĚȚFș

İŇVĚȘȚİŇĢFįňǻňčįǻŀ ǺđvįșǿřșPěřșǿňǻŀ FįňǻňčěČŇBČ ĚxpŀǻįňșPǿřțfǿŀįǿẄǻțčħŀįșțȘțǿčķ ȘčřěěňěřFųňđ Șčřěěňěř

ȚĚČĦŘěčǿđěMǿbįŀěȘǿčįǻŀ MěđįǻĚňțěřpřįșěĢǻmįňģČỳběřșěčųřįțỳ

ȘMǺĿĿ BİŻFřǻňčħįșįňģFįňǻňčįňģMǻňǻģěměňț

VİĐĚǾĿǻțěșț VįđěǿĐįģįțǻŀ ẄǿřķșħǿpŲȘ VįđěǿǺșįǻ VįđěǿĚųřǿpě VįđěǿČĚǾ İňțěřvįěẅșǺňǻŀỳșț İňțěřvįěẅșFųŀŀ ĚpįșǿđěșČŀǿșěđ Čǻpțįǿňįňģ

ȘĦǾẄȘẄǻțčħ ĿįvěČŇBČ ŲȘČŇBČ Ǻșįǻ-PǻčįfįčČŇBČ ĚųřǿpěČŇBČ ẄǿřŀđFųŀŀ Ěpįșǿđěș

Ǻbǿųț ČŇBČ Șįțě Mǻp Vįđěǿ Řěpřįňțș Ǻđvěřțįșě Čǻřěěřș Ħěŀp Čǿňțǻčț Čǿřřěčțįǿňș Ňěẅșŀěțțěřș

Přįvǻčỳ Pǿŀįčỳ ǺđČħǿįčěș Țěřmș ǿf Șěřvįčě İňđěpěňđěňț Přǿģřǻmmįňģ Řěpǿřț Ŀǻțěșț Ňěẅș Řěŀěǻșěș ŘȘȘ

Đǻțǻ įș ǻ řěǻŀ-țįmě șňǻpșħǿț Đǻțǻ įș đěŀǻỳěđ ǻț ŀěǻșț 15 mįňųțěșĢŀǿbǻŀ Bųșįňěșș ǻňđ Fįňǻňčįǻŀ Ňěẅș Șțǿčķ Qųǿțěș ǻňđ Mǻřķěț Đǻțǻ ǻňđ Ǻňǻŀỳșįș

copy 2015 ČŇBČ ĿĿČ Ǻŀŀ Řįģħțș Řěșěřvěđ

1292015 As oil prices crater hedge funds dive in

httpwwwcnbccomid102381085 66