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backwardation was the norm and investors could benefit from the futures roll.We compare different oil investment vehicles and find … that investment vehicles that purchase direct stakes in oil companies avoid the contango drag, but do not track oil well … and assume other unwanted risks for oil investors. The greatest exposure to oil is achieved by investment vehicles that …
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This white paper argues that the University of Michigan's Board of Regents should form a committee to consider divesting the University's endowment from coal and oil investments. The paper details the University's three-prong test – created by the school's prior divestments from companies...
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