A hedge fund delivered above-average returns this quarter by betting on oil tanker companies while reducing exposure to artificial intelligence investments, according to recent reports.

The fund's strategy diverged from many peers who maintained heavy positions in technology stocks during what was generally considered a positive earnings season for tech companies. Instead, the fund positioned itself in the maritime shipping sector, particularly oil tankers, which have benefited from increased demand and freight rates.

The investment approach came as geopolitical tensions in the Middle East, particularly involving Iran, created market pressures that affected various sectors differently. These tensions have historically influenced oil shipping routes and tanker demand, potentially supporting the fund's maritime-focused strategy.

Technology investors broadly viewed the recent earnings season favorably, with many AI and tech companies reporting strong results. However, the ongoing regional conflicts have created additional considerations for companies involved in the artificial intelligence sector, particularly those with significant infrastructure and supply chain dependencies.

The hedge fund's performance highlights how alternative investment strategies can outperform during periods when traditional tech-heavy approaches face external pressures. The contrast between sectors shows how geopolitical events can create divergent opportunities across different market segments.