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.
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.
