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March 20, 2019  

Shipping-Fuel Vehicle Taking Shape

A fund operator is attempting to raise $50 million for a play on new marine-fuel regulations.Dark Horse Capital of Chadds Ford, Pa., plans to launch its Dark Horse Fund 2 in April. The vehicle’s strategy: to trade securities affected by an International Maritime Organization rule called IMO 2020 that will reduce the allowable sulphur content in most shipping fuel to 0.5%, from the current 3.5%, effective Jan. 1, 2020.That measure will have...

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