{"id":27239,"date":"2012-02-03T08:59:34","date_gmt":"2012-02-03T13:59:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27239"},"modified":"2012-02-03T08:59:34","modified_gmt":"2012-02-03T13:59:34","slug":"hedge-funds-investing-in-refineries-spurred-by-fracking-energy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/hedge-funds-investing-in-refineries-spurred-by-fracking-energy.html","title":{"rendered":"Hedge Funds Investing in Refineries Spurred by Fracking: Energy"},"content":{"rendered":"<p>Bloomberg &#8211; Hedge funds have invested a record $6.5 billion in U.S. petroleum refiners, expecting profit to jump as companies shut aging plants and acquire cheaper supplies of North American crude from burgeoning shale-oil wells.<\/p>\n<p>Barry Rosenstein\u2019s Jana Partners LLC and David Tepper\u2019s Appaloosa Management LP alone have amassed $1.3 billion of stock, joining funds that together more than quintupled their money in the industry since the S&amp;P 500 Oil &amp; Gas Refining &amp; Marketing Index\u2019s eight-year low in the fourth quarter of 2008. The index soared 18 percent this year, beating the 5 percent gain in the Standard &amp; Poor\u2019s 500 Index.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2012-02-02\/hedge-funds-investing-in-refineries-spurred-by-fracking-energy.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Hedge funds have invested a record $6.5 billion in U.S. petroleum refiners, expecting profit to jump as companies shut aging plants and acquire cheaper supplies of North American crude from burgeoning shale-oil wells. Barry Rosenstein\u2019s Jana Partners LLC [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27239","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27239"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27239\/revisions"}],"predecessor-version":[{"id":27240,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27239\/revisions\/27240"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}