Tiny hedge funds gained as much as 500% last quarter as their bets against US shale paid off

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· *Three small hedge funds posted big gains last quarter as their bets against US shale producers paid off.*
· *Kalkriese Capital Partners gained 300%, Exo Trading gained 500%, and Saltstone Capital gained 36%, according to Bloomberg.*
· *The funds wagered that shale suppliers were bound to struggle due to their high...