Hedge funds paying upward of $100,000 per year to track the flights of corporate...
- Hedge funds paying upward of $100,000 per year to track the flights of corporate jets were vindicated when Occidental Petroleum Corp announced two deals last week that matched locations the U.S. oil and gas company’s private plane had recently visited.
Research firm Gordon Haskett Research Advisors wrote a note on April 29 speculating that Warren Buffet’s investment firm, Berkshire Hathaway Inc may be preparing to invest in Occidental, citing data from Quandl, which tracks corporate jet flights and identified Occidental’s plane as visiting Buffett’s hometown of Omaha.
Occidental did not immediately respond to a request for comment on the correlation between the deals and the routes of its corporate jets.
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