Swiss Fund Topping 95% of Peers Sees Room for Oil Stocks to Run

A Swiss value investor who has outperformed most peers this year after sticking with his bet on energy stocks says the rally has further to run, as share prices catch up with earnings upgrades spurred by the Iran war.

SG Value Partners AG’s Warburg Value Fund has returned 12% this year, outpacing 95% of rivals, according to data compiled by Bloomberg. As of March, energy stocks accounted for half of the top 10 holdings in portfolio manager Gregor Trachsel’s €122 million ($143 million) fund.