Public Markets 3h Briefing
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Last updated: March 21, 2026, 12:30 PM ET
Hedge Fund Performance & Energy Markets
Old West Investment Management bloomberg.com secured a reported 31% gain on its energy stock holdings by making an aggressive bet when crude was near $60 a barrel, preceding the recent surge driven by geopolitical tensions. This outperformance comes as the broader energy sector consolidates recent highs, reflecting successful contrarian positioning ahead of Middle East instability truncated bloomberg.com, which has since helped bolster commodity prices.