Conflict in Ukraine has caused shipping hedge fund Cleaves Asset Management to add shares in tanker companies and gas carriers to its investment portfolio.
But Joakim Hannisdahl, founder and CEO, said the fund has mixed feelings about making this pivot.
“The Russian invasion of Ukraine has created a lot of opportunity in shipping, which we have successfully seized, but our overarching sentiment is with the people of Ukraine,” he said in the firm’s monthly report for February.
