Now he's setting his sights on clean energy. LONDON: French trader and specialist oil hedge fund manager Pierre Andurand saw it coming from early February. Andurand is one of the few commodity hedge fund specialists who’s still trading. So what? Commodities hedge fund manager Pierre Andurand closed his firm’s New York office after a tough trading year in 2018, instead focusing the business … Photo: Frantzesco Kangaris for the Wa Crude Collapse Hands Payday to Oil Trader Pierre Andurand - Stockxpo - A professional network of traders, investors and analysts "Andurand Capital Management LLP is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex". A la tête de son propre fonds d'investissement spécialisé dans le pétrole, Andurand Capital, Pierre Andurand s'est distingué cette année en anticipant la chute du cours du pétrole avant tout le monde, dès le mois de février, avant même l'arrêt quasi total du trafic aérien mondial. Last February, commodities trader Pierre Andurand was sitting at … 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. Photographer: Anthony Harvey/Getty Images for The New York Times. Many of the biggest names have exited the market, including Astenbeck Capital Management, Blenheim Capital Management and Clive Capital, each of which managed billions of dollars at its peak. The world’s largest oil traders were meeting in Switzerland as members of OPEC and other major producers prepare to assemble in Doha on April 17 to discuss an output freeze. Two months later, in another remarkable call, the hedge-fund trader tweeted on the morning of April 20 that oil could turn negative in a perfect storm of evaporating demand, chronic oversupply and scarce storage. 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. Pierre Andurand generated extraordinary gains in 2020 trading oil. Liked by Jazmin Sepulveda, LCSW. Pierre Andurand, l'intuitif. Adds detail on previous years’ losses in fourth paragraph and 2018 assets in seventh. Reuters; September 30, 2020, 07:09 IST Behavioral Therapist Wilmington Community Clinic. While Andurand hasn’t disclosed the funds’ latest assets, they manage roughly equal amounts of capital, the person said. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. He made more than 210% in 2008. LONDON: French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Dec 2018 – Present 1 year 1 month. Read more: Human-Run Hedge Funds Beat Quants in Year Ruled by Pandemic. View Pierre Andurand’s profile on LinkedIn, the world’s largest professional community. In 2000 Pierre was recruited out of graduate school by Goldman Sachs to be an oil trader for the bank’s commodities trading unit in Singapore. "Andurand Capital is led by Pierre Andurand, one of the world’s most renowned oil and energy traders, previously CIO of BlueGold Capital". In Singapore, Andurand traded less liquid markets, and this forced him to analyse the market in more depth. Hedge fund manager Pierre Andurand began betting against oil three weeks ago due to the coronavirus outbreak, he told Reuters on Monday, reversing his multi-year bullish view. Most of oil trader’s gains were made during first virus wave, Discretionary Enhanced Fund was one of year’s best performers. Before it's here, it's on the Bloomberg Terminal. Pierre has 8 jobs listed on their profile. See the complete profile on LinkedIn and discover Pierre’s connections and jobs at similar companies. Mr. Andurand is one of the most prominent survivors of a troubled decade for hedge funds that specialize in raw materials like oil, coffee and cocoa. He studied applied maths and started as an energy options trader at Goldman Sachs, which taught him how owning options could generate highly asymmetric pay-offs; Andurand does not short options. Oil traders benefited from a surge in volatility last year and that should continue, according to Tornqvist. In China they did a good job containing it," said Andurand, the manager of Andurand Capital Management. Women aren’t all superstar leaders in a crisis. Pierre Andurand, l’un des traders pétroliers les plus connus de la planète, a débuté sa carrière chez Goldman Sachs à Singapour, avant de rejoindre Vitol, le … Glazers’ sporting success shows the benefits of writing big cheques, Fox News will not change political stance, says Lachlan Murdoch, How the parting of two market forces helped spur the equity rally, AstraZeneca hit by more doubts over vaccine’s efficacy, US long-term interest rates hit highest in a year on stimulus impact, Auto loan market revs up as US car demand holds firm, Elon Musk’s effect on crypto world shows how irrational markets are, Why I was wrong to be optimistic about robots, Feeling the strain: stress and anxiety weigh on world’s workers, To make bright ideas bigger you need cash and vision, The Hong Kong hotelier reinventing hospitality, ‘Culture Warlords’ by Talia Lavin — undercover among neo-Nazis. The firm had about $840 million in assets under management at the end of 2018. Between 2002 and 2003, Pierre was a principal and oil trader at Bank of America in Singapore. Can Spanish tourism survive a second Covid summer? Most of the funds’ gains came in March and April when the first coronavirus wave shut economies, leading to a collapse in energy prices. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Experience. Pierre Andurand’s flagship fund returned 69% for the year as a whole, according to a person familiar with the matter. 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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. Oil Trader Pierre Andurand's Hedge Fund Returned 22% In 2016. With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Mr. Andurand is one of the most prominent survivors of a troubled decade for hedge funds that specialize in raw materials like oil, coffee and cocoa. Join over 300,000 Finance professionals who already subscribe to the FT. 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That made it one of the year’s best-performing hedge funds. Have a confidential tip for our reporters? (Photo by Anthony Harvey/Getty Images for The New York Times) Last February, commodities trader Pierre Andurand was sitting at a dinner … Pierre Andurand, one of the world’s best-known oil traders, has suffered a big loss in his hedge fund during a turbulent start to 2020 for energy markets. Andurand is one of the few commodity hedge fund specialists who’s still trading. The collapse in oil prices triggered by the coronavirus pandemic handed a big payday to Pierre Andurand, one of the Now he’s setting his sights on clean energy. Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. The returns, the best since Andurand’s main fund made 38% in 2014, mark a turnaround for the oil trader who is known for his bullish wagers. Tesla Bets on Bitcoin in Blue-Chip Boost to Cryptocurrency, WHO Rejects Virus Lab Theory, Saying Animals Likely Source, Amazon-Backed EV-Maker Rivian Aims for IPO This Year, Electronic Arts to Decide Fate of Anthem Game This Week, Billionaire Property Brothers Score 5,000% Gain on Tech Bet. Andurand’s long-running commodities-focused hedge fund strategy reportedly advanced 53.1 per cent in the first quarter of this year, fuelled by an eye-catching 63 per cent March return. Both the U.S. and global crude benchmarks lost more than a fifth of their value last year. Oil traders doubt OPEC will boost output as planned in 2021, citing bearish signals "I don't think OPEC will increase production in January...If they do, the market will test them to the downside," Pierre Andurand, founder and chief investment office at Andurand Capital, told the FT Global Commodities Summit. A spokesman for Andurand Capital Management, which has offices in London and Malta, declined to comment. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Andurand’s 2020 performance is reminiscent of his strong gains during the last financial crisis at his previous firm BlueGold, which he co-founded with Dennis Crema in 2007 and launched the following year. Pierre Andurand photo from Andurand Capital/AFP; oil rig photo from Shutterstock . Pierre Andurand generated extraordinary gains in 2020 trading oil. After graduation Andurand was recruited by Goldman Sachs to work as an oil trader for its commodities trading unit in Singapore. His fund suffered back-to-back losses in 2018 and 2019 of 20% and 7.1%, respectively. Hedge fund manager Pierre Andurand began betting against oil three weeks ago due to the coronavirus outbreak, he told Reuters on Monday, reversing his multi-year bullish view.