Cleaves Asset Management has spent the past month buying shares in bulker companies with high expectations for the year ahead, according to its boss.
Meanwhile, the shipping-focused hedge fund has plans for further growth later this year.
“Building a significant dry bulk position during the January weakness could pay off handsomely, and we see a lot of great opportunities in shipping during 2022,” Cleaves Asset Management chief executive and co-founder Joakim Hannisdahl told TradeWinds.
