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Once-Bullish Fund Managers Start to Capitulate on Oil Prices
Increasingly, mutual fund managers don’t see the oil glut going away any time soon. Lord Abbett’s Thomas O’Halloran, for example, last year was calling fracking stocks one of the pillars of his $3.6 billion Developing Growth fund, among the top-performing small cap funds over the last decade. He is now shifting more money into solar companies.
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