Global supply-chain bottlenecks are creating headaches for retailers, delays for consumers—and big gains for financial firms that invested in container ships before the pandemic upended the logistics business
for retailers, delays for consumers—and big gains for financial firms that invested in container ships before the pandemic upended the logistics business.
New York-based Mangrove Partners, which managed $1.3 billion at the end of September, was up 70% for the year through October. Roughly half of the hedge fund’s gains stem from shipping investments, said a person familiar with the firm. Mangrove focuses on inefficient or out-of-favor industries.
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