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Andurand wins big in volatile oil markets with a well-timed directional short play

Fri Apr 24, 2015



Andurand Capital, the discretionary commodity trading firm led by high-profile ex-BlueGold and Vitol man Pierre Andurand, is on a roll right now after correctly positioning its portfolio to profit from the late-2014 tumble in the oil price that caught many other investors off-guard


 
  Pierre Andurand
Recent months have seen a dramatic fall in the price of oil following a prolonged bull run – a downturn that was both rapid and, for many traders and investors, unexpected.

While many market participants including hedge funds were wrong-footed to their cost, well-known and experienced oil trader Pierre Andurand had positioned his two-year-old Andurand Commodities Fund specifically to exploit the price fall.

Andurand’s shrewd assessment of the oil markets, and his judgement that the market was oversupplied while demand had cooled, led him to short crude oil in September – and resulted in an impressive 2014 gain of 38.10%, all of it made in the last three months of the year.

Andurand is a big name both in the realm of energy trading, and also within the European hedge fund industry. Before setting up Andurand Capital Management a couple of years ago, he made headlines...

ISSN: 2151-1845 / CDC10004H

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