Finance
Andurand’s Oil Hedge Fund Plunge Exceeds 50% in Worst Ever Loss
- Losses follow three years of strong gains for Andurand clients
- Trader’s bullish oil calls have met with lower prices in 2023
Pierre Andurand.
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
Oil trader Pierre Andurand’s losses deepened this month, with his hedge fund slumping to its worst-ever phase of decline.
His main Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month through June 23, extending this year’s losses to about 51%, according to an investor letter seen by Bloomberg News.