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The $50 Billion Oil Bear: Shawn Driscoll, Manager, T. Rowe Price New Era Fund
FYI: Click On Article Title At Top Of Google Search) Being a bear can be lonely. That’s not Shawn Driscoll’s problem.
The natural-resources fund manager at T. Rowe Price believes we are in a 10- to 15-year bear market in energy and commodities. He has positioned his own $5.2 billion in assets largely against a rise in prices. So far that has worked out well.
Mr. Driscoll’s influence extends far beyond his own funds, making him one of the most important, if unknown, energy bears in the market. T. Rowe Price collectively has about $50 billion invested in energy and natural resources across its diversified stock funds. Many fund managers at the firm, impressed by Mr. Driscoll’s conviction and detailed historical work on commodities markets, have followed his advice. Regards, Ted https://www.google.com/#q=The+$50+Billion+Oil+Bear+wsj
