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Staying one step ahead

Picking the right investment opportunities will never be a precise science, but a combination of global forecasting and risk management has enabled US Global Investors to become one of the most successful US mutual funds in the energy space. Its chief executive Frank Holmes talks to Stella Farrington

    • Stella Farrington
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In 2004, Frank Holmes, chief executive of Texas-based US Global Investors was bullish steel. He realised that the combination of increasing demand for oil from China, and the phasing out of single-hulled tankers, was going to create a demand for new oil tankers. So he bought a million shares in steel company Algoma Steel Inc. at $3 a share, selling them once they’d reached $30 a share.

This tidy $10 million was secured due to Holmes’ understanding of the energy market, and the inter-relation

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