SWN: Why it has been going up in January

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

SWN: Why it has been going up in January

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Halvorsen Buys Over 35 Million Shares in Southwestern Energy in January.

Andreas Halvorsen is a Norwegian hedge fund executive and entrepreneur. Halvorsen graduated from Williams College with a degree in economics. He went on to receive his MBA with the highest honors from Stanford in 1990.

After graduating, Halvorsen began his investment career at Morgan Stanley, where he began working in the investment banking division. Halvorsen was then given a tremendous opportunity to work alongside legendary guru Julian Robertson at Tiger Management, where he gained experience and expertise. In 1999, he founded Viking Global Investors LP, which currently manages more than $30 billion in capital for investors.

Halvorsen and Viking Global have a team goal to provide best in class performance for investors, and they have been doing a great job of that. The fund has gained an outstanding 23% annualized return before fees since its inception in 1999. Halvorsen has been outperforming the S&P 500, which had an annualized return of 4% over that same time span.

According to Forbes.com, Halvorsen is currently ranked the eighth-richest hedge fund manager in the world.

In the first quarter of 2016, Halvorsen purchased 35,515,793 shares of Southwestern Energy Co. (SWN).
Dan Steffens
Energy Prospectus Group
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