Andurand Heads for Second Annual Loss Despite October Gain
- Commodities Master Fund up 0.6% this month through Oct. 18
- Fund down 3.4% so far in 2019, on track for second annual loss
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Commodities hedge fund manager Pierre Andurand is on track to record a second year of losses amid wild gyrations in the oil market, even as he recovered some of the drop in recent weeks.
Andurand’s Commodities Master Fund is up 0.6% for the first three weeks of the month, according to a person familiar with the matter, trimming losses so far in 2019 to 3.4%. That reverses a 0.6% decline in September, according to an investor document seen by Bloomberg.