View full page at energyexch.com

 

Andurand Adds to Oil Wagers as Hedge Fund Losses Shrink to 15 Percent

From rigzone.com

Oil trader Pierre Andurand is riding a resurgence in crude prices to stage a comeback from the worst-ever run for his hedge fund as his bullish wagers on the commodity start to pay off. His main Andurand Commodities Discretionary Enhanced fund has made money over the past two months and cut year-to-date losses through Sept. 16 to 15%, according to people with knowledge of the matter, who asked not to be identified because the details are private. The fund was down more than 50% earlier in the year, before curbing losses to 35% after a strong July. A representative for Andurand Capital Management, which managed $1.3 ... (full story)

Story Stats

  • Posted:
  • Category: Energy Trading News