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Andurand’s Biggest Hedge Fund Surges 162% on Commodities Rally

  • Trader predicted that shift from fossil fuels would spur rally
  • Markets roiled by demand rebound, Russian invasion of Ukraine
Pierre Andurand
Pierre AndurandPhotographer: Daniel Acker/Bloomberg

Commodities trader Pierre Andurand is heading for a stellar first half, with the biggest of his funds returning 162% so far this year, according to a person with knowledge of the matter. 

The advance by the Andurand Commodities Discretionary Enhanced Fund, which holds half of the trader’s $2 billion in managed assets, follows a gain of 87% in 2021. His older Andurand Commodities Fund, which holds $750 million, closed up 41.5%. The Andurand Climate and Energy Transition Fund, launched last summer, returned 14%.