Andurand Hedge Fund Soared 154% in 2020 as Covid Roiled Oil
- Most of oil trader’s gains were made during first virus wave
- Discretionary Enhanced Fund was one of year’s best performers
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Pierre Andurand’s oil hedge funds stormed back in 2020 to post their biggest-ever gains as the global pandemic roiled energy markets.
His main Andurand Commodities Fund, which mostly bets on rises and falls in oil prices, was up 68.6% for the year, according to a person with knowledge of the matter. The Discretionary Enhanced Fund, a vehicle he started in 2019 that has no set risk limits, surged 154%, said the person, who asked not to be identified because the information is private. That made it one of the year’s best-performing hedge funds.