Joakim Hannisdahl-led Cleaves Shipping Fund has divested from shipping companies that continue to handle Russian cargoes, with the likes of Tsakos Energy Navigation and Okeanis Eco Tankers no longer covered by the Norwegian investment vehicle.
“The fund will not partake in Russian oil trading as things stand now,” Hannisdal tweeted, saying he had spent time improving the company’s in-house algorithms to better monitor this trade.
Cleaves Asset Management is a long/short shipping-focused hedge fund founded in October last year, which has quickly built up a substantial following.
