Now stick with me here. You need to read the next post before you comment.
I have set this as a separate thread as it may die a quick death and that's okay.
I have never heard of this bloke, Andurand, so here is what I could find about him.
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Wikipedia:
Pierre Andurand (born February 1977) is a French businessman and
hedge fund manager. His funds have approximately $2bn in assets under management
[1] and have produced cumulative returns of between 900-1300% for investors since 2008.
[2] He is also the majority shareholder of the international kickboxing league
Glory.
Early life and education
Andurand was born in the French city of
Aix-en-Provence. At eight years old, he moved with his family to the French island of
Réunion, off the African coast. He spent six years there before returning to Aix en Provence. At the age of seventeen he moved to the city of
Toulouse to attend the
Institut National des Sciences Appliquées (National Institute of Applied Sciences) where he got his Msc. in
Applied Mathematics before moving to
École des Hautes Études Commerciales de Paris (HEC School of Management in Paris), where he achieved an MSc. in International Finance.
[3]
He also holds a
MSc in Computer Science from
Columbia University, and a
MSc in
Mathematical and
Theoretical Physics from the
University of Oxford, and an MSc in
Astrophysics from
Queen Mary University of London.
[4]
A keen swimmer in his youth, Andurand was a member of the French National Junior Swimming Team in 1993 and 1994.
[5]
Career
After graduation Andurand was recruited by
Goldman Sachs to work as an oil trader for its
commodities trading unit in
Singapore. After Goldman Sachs he joined
Bank of America Singapore as a Principal in oil trading. He then joined
Vitol in Singapore as a trading manager. Andurand then moved to London in 2004 and was made a partner. He was rumoured to be one of the most successful traders in the company, earning him a bonus payment of $20 million at the end of one particularly successful year's trading.
[5]
Bluegold Capital
In October 2007, Andurand co-founded the hedge-fund investment group BlueGold. He was the majority shareholder and Chief Investment Officer at BlueGold. The BlueGold Global Fund was then launched in February 2008 with $300 million
assets under management. In June of that year, its returns were described by the New York Post as being of "eye-popping" and "monstrous" proportions.
[6] Its peak in
assets under management reached $2.4 billion. Performance was 210% in 2008, 55% in 2009, 13% in 2010, and -34% in 2011.
[7][8][9] BlueGold was closed in April 2012, returning close to 99% of its assets under management within a month, after the founders decided to go their separate ways.
[10]
Andurand Capital[edit]
In February 2013, Pierre Andurand launched a new hedge fund: Andurand Capital, which set out to invest mostly in energy and commodities including oil and metals.
[11][12][13][14]
In 2013, the Andurand Commodities Fund finished the year as one of the best performing commodities hedge funds with a 25% return.
[15] In 2014, the fund generated a 38% return net of all fees by forecasting a sharp decline in crude oil prices.
[16][17][18][19][20]
By 2016 Andurand had turned bullish on oil, amid a bear market that saw oil at a 12-year low of $30 a barrel. He returned 22% that year.
[21]
The firm has $2 billion in assets under management as of June 2022, across a number of separate funds.
[22] The biggest fund, the Andurand Commodities Discretionary Enhanced Fund, returned 162% to June 2022,
[23] having returned 87% in 2021; the $750m Andurand Commodities Fund was up 41% in the same period.
[1
- Andurand Capital Management is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex. The Company is led by Pierre Andurand, one of the world's most renowned oil and energy traders.
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