SINGAPORE, Nov 22 (Reuters) – Big-money investors aiming to profit from volatile energy prices are facing an unexpected obstacle: a dearth of experienced managers and traders in the fund industry, a conference heard on Tuesday.
The shortage of trusted trading talent could deter some of those investors from ploughing more money into the oil complex, undercutting one of the major factors that has helped drive prices to a record-high of $70.85 a barrel this year.
Some veteran oil and commodities traders are jumping ship to set up hedge funds, hoping to capitalise on a flush of enthusiasm for the sector, which had been largely ignored by investors for the past 20 years amid slow returns.
