What strategy did Anaconda Invest SA adopt regarding US President Trump's statements on the Iran war, and what was the result?

Anaconda Invest SA, led by founder Renaud Saleur, adopted a deliberate policy of ignoring US President Donald Trump’s signals about an imminent ceasefire in the Iran war, arguing that Trump 'changes opinion 10 times a day' and that reacting to his statements would be 'unmanageable'; as a result, the fund stayed long on oil stocks based on the belief in chronic undersupply, achieving a 39% return so far this year—outpacing the S&P Global Oil Index’s 31% gain.

Why does Anaconda Invest SA remain bullish on oil rather than shifting to clean energy investments despite its focus on the energy transition?

Despite positioning itself as a firm focused on the global energy transition, Anaconda Invest SA has not added exposure to clean tech because, according to Saleur, 'Oil today is much more profitable than renewables,' and the fund sees greater near-term opportunity in oil-related equities—evidenced by its long positions in Schlumberger N.V., Baker Hughes Co., and Patterson-UTI Energy Inc., and its decision to borrow to raise gross exposure to ~130%.

Hedge Fund Manager ‘Ignoring Trump’ Nets 39% Gain on Energy Bets

Apr 30, 2026

Anaconda Invest SA achieved a 39% return by betting on long oil positions amidst geopolitical tensions, disregarding White House ceasefire signals. The fund prioritizes oil profitability over renewables, holding major energy service firms like Schlumberger and Baker Hughes.

bloomberg

2026-04-30

Hedge Fund Manager ‘Ignoring Trump’ Nets 39% Gain on Energy Bets

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