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A sneak peak at the Blackstone’s Kailix Advisors hedge fund

… “It’s like they got off the phone with T. Boone Pickens and said, ‘Help us out here. We’re starting up a hedge fund. What should we buy?,’ ” said StockPickr Chief Executive Officer James Altucher, who has written about the fund.

He speculated that the diversity of energy bets is really Blackstone’s way of wagering on so-called peak oil theory, which holds that the globe’s oil supplies are slowly diminishing.


With so many bets on the increase in oil – and all energy – prices, the Kailix fund appears to be also anticipating a drop in the value of the U.S. dollar and presumably, a drop in U.S. stock prices.

NY Post