BusinessTimes – RedWell Fund SPC, one of Asia’s pioneering oil-focused hedge funds, has its eyes trained on the growing distillates market, as it started trading in Singapore’s Over-The-Counter (OTC) swaps market, its founder said on Thursday last week.
The fund, with US$13 million under management, is committing up to 70 per cent of its portfolio to trading the regrade – the price spread between jet fuel and gas oil – and the rest to fixed-priced contracts of both products, said Wei Min, who is also the fund’s president.
