Energy Funds Hammered In Ultra-Volatile Oil Markets

Hedge funds aren’t exactly batting 1,000 these days. And when it comes to their energy bets, it’s largely been a crash-and-burn story. This year is threatening to deliver more of the same.  Despite recovering investor risk sentiment, hedge fund managers were in the red for the second consecutive month in September, dragging down their year-to-date return to 5.81 percent and underperforming the global equities market, which gained 2.04 percent over the month. Since 2016, energy-exposed funds have gotten hammered by wrong-way bets…