Hedge fund PAAMCO: oil price fall creates shake-out in industry | GulfNews.com:
"A 50 per cent fall in oil prices since last year has produced a “shake-out” in the oil and related industries in the region and elsewhere, even as it sees lower fund flows from the regional sovereign wealth funds this year and the next, a top official at hedge fund Pacific Alternative Asset Management Company (PAAMCO) told Gulf News.
“The active managers may be interested in looking at oil and oil related investments as oil prices have fallen and some of the stocks in those sectors are at prices lower than they were last year,” said Stephen Oxley, managing director at PAAMCO.
The latest in the shake-out has been from Royal Dutch Shell, which took over BG Group in a $91 billion (Dh334 billion) deal."
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