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8 Feb 2007

Hedge Funds & Oil Predictions, an investor and industry news portal released the oil and gas trends predicted for hedge funds this year.

In the ‘Insiders Corner" Michael Brush said "Investors had big bets on energy stocks, but now that crude oil has fallen 9% this year and 30% since last summer, hedge funds are heading for the exits. Is there any end in sight?"

Predicting the cold weather trends that have set in, the Insiders Corner also reminded investors of other factors, besides the weather, that support higher energy prices including “Tensions in the Middle East”, but the eerily warm weather in much of the U.S. is about to "turn on a dime," predicts forecaster Joe Bastardi.

Michael Brush, author of “Lessons From the Front Line”, is an award winning financial writer that writes a weekly market column for MSN Money as well as the ‘Insiders Corner’ for Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.

As far as where oil is currently trading, Eden Energy Corporation President and CEO Don Sharpe comments, “We expect oil prices to strengthen throughout the remainder of the year as geopolitical risks reemerge due to actions in Nigeria, Iran and other volatile parts of the oil producing world." is a global investor and industry research portal for the oil and gas sector.

Hedge Fund Makes Over $83 Million Off YouTube Sale

The numbers are in, Google revealed in a filing with the Securities and Exchange Commission just how much the hedge fund investors, founders and early employees of YouTube made when it was bought by Google for $1.65 billion last year.

Artis Capital Management, a San Francisco hedge fund was co-investor with Sequoia Capital, the venture capitalists that took a chance with the tiny YouTube project. Artis and several other hedge funds affiliated with them were listed as having received 176,621 shares, valued at $83 million.

Sequoia Capital invested close to $11.5 million in You Tube, is now listed as owning 941,027 shares, which are valued at more than $442 million. The filing also lists Sequoia Capital XI Principals Fund owning 102,376 shares, valued at more than $48 million, and Sequoia Technology Partners XI with 29,724 shares, valued at nearly $14 million. A total of $504 million.

The company's three founders also made extraordinary amounts, YouTube's chief executive Chad Hurley received shares worth more than $345 million. Another founder, Steven Chen, received shares worth more than $326 million. The third founder of YouTube, Jawed Karim, who left the company early on to pursue a graduate degree in computer science, received more than $64 million in shares. Some of these shares have been deposited in trusts for the young founders.