Altana Wealth scores outsized gains in distressed energy assets Altana Wealth scores outsized gains in distressed energy assets Submitted By Hugh Leask | 09|06|2021 - 2:54pm Altana Wealth, the credit, currency and special situations-focused hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, is making bumper returns from distressed opportunities within the global oil services sector, where companies have been clobbered by Covid-19. The Altana Distressed Opportunities Fund, which seeks out investment ideas in neglected corners of capital markets, has soared some 115 per cent since its late October lows by targeting certain energy assets which tumbled in value in the early stages of the coronavirus crisis, the firm said on Wednesday. Since the start of 2021, the fund is up more than 64 per cent. The ongoing recovery from Covid-19 has underlined the importance of oil and gas, Altana said, adding that offshore oil services which have been pummeled by the pandemic remain vitally important to energy supplies. Successful bets on offshore drilling and services firms have powered the eye-catching performance.