Hedge Fund Manager ‘Ignoring Trump’ Nets 39% Gain on Energy Bets

A hedge fund manager focused on navigating the energy transition has generated a 39% return so far this year, after adopting a policy of ignoring US President Donald Trump’s signals on the Iran war.

Anaconda Invest SA, a boutique hedge fund based in Switzerland, has consistently opted to disregard comments from the White House suggesting a ceasefire may be imminent, according to Renaud Saleur, its founder and chief executive. As a result, he’s stayed long oil stocks based on a bet that chronic undersupply will support demand for years to come. The hedge fund manager’s returns outpaced gains in the S&P Global Oil Index, which is up 31% this year.