Andurand Fund Sees Oil at or Below $40 for Up to Six Months

Pierre Andurand, whose hedge fund gained 38 percent in 2014 from a well-timed wager that oil prices would fall, expects a further slide to $40 a barrel or lower that could last for as long as six months.

West Texas Intermediate could plunge to the high $30s from $46.47 and brent crude could slip to $40, the manager of the London-based hedge fund firm wrote in a letter to clients that was obtained by Bloomberg News.