pierre andurand trader

Women aren’t all superstar leaders in a crisis. "Andurand Capital is led by Pierre Andurand, one of the world’s most renowned oil and energy traders, previously CIO of BlueGold Capital". 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. Oil Trader Pierre Andurand's Hedge Fund Returned 22% In 2016. Photo: Frantzesco Kangaris for the Wa Crude Collapse Hands Payday to Oil Trader Pierre Andurand - Stockxpo - A professional network of traders, investors and analysts 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. (Photo by Anthony Harvey/Getty Images for The New York Times) Last February, commodities trader Pierre Andurand was sitting at a dinner … 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. Before it's here, it's on the Bloomberg Terminal. 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. His fund suffered back-to-back losses in 2018 and 2019 of 20% and 7.1%, respectively. The firm had about $840 million in assets under management at the end of 2018. 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. Pierre Andurand photo from Andurand Capital/AFP; oil rig photo from Shutterstock . Reuters; September 30, 2020, 07:09 IST In China they did a good job containing it," said Andurand, the manager of Andurand Capital Management. Pierre Andurand generated extraordinary gains in 2020 trading oil. Last February, commodities trader Pierre Andurand was sitting at … 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 made more than 210% in 2008. 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. risks and opportunities. Most of oil trader’s gains were made during first virus wave, Discretionary Enhanced Fund was one of year’s best performers. 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. 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. View Pierre Andurand’s profile on LinkedIn, the world’s largest professional community. 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. 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. See the complete profile on LinkedIn and discover Pierre’s connections and jobs at similar companies. Expert insights, analysis and smart data help you cut through the noise to spot trends, 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. Oil traders benefited from a surge in volatility last year and that should continue, according to Tornqvist. Now he’s setting his sights on clean energy. Adds detail on previous years’ losses in fourth paragraph and 2018 assets in seventh. While Andurand hasn’t disclosed the funds’ latest assets, they manage roughly equal amounts of capital, the person said. 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. Can Spanish tourism survive a second Covid summer? Pierre Andurand, l'intuitif. 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. That made it one of the year’s best-performing hedge funds. 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. Liked by Jazmin Sepulveda, LCSW. Read more: Human-Run Hedge Funds Beat Quants in Year Ruled by Pandemic. Andurand is one of the few commodity hedge fund specialists who’s still trading. Join over 300,000 Finance professionals who already subscribe to the FT. 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Behavioral Therapist Wilmington Community Clinic. Pierre Andurand’s flagship fund returned 69% for the year as a whole, according to a person familiar with the matter. 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. In Singapore, Andurand traded less liquid markets, and this forced him to analyse the market in more depth. 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. 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The collapse in oil prices triggered by the coronavirus pandemic handed a big payday to Pierre Andurand, one of the In the Maldives, tourism recovers as the wealthy take a break from the pandemic, Trump Takes on the World — shock and rage in a new BBC series, News of the World — Tom Hanks meets his match in a peril-filled Western, The click-fit club: tech to take your health to the next level, For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news, MyFT – track the topics most important to you, FT Weekend – full access to the weekend content, Mobile & Tablet Apps – download to read on the go, Gift Article – share up to 10 articles a month with family, friends and colleagues, Delivery to your home or office Monday to Saturday, FT Weekend paper – a stimulating blend of news and lifestyle features, ePaper access – the digital replica of the printed newspaper, Integration with third party platforms and CRM systems, Usage based pricing and volume discounts for multiple users, Subscription management tools and usage reporting, Dedicated account and customer success teams. 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. Andurand is one of the few commodity hedge fund specialists who’s still trading. Between 2002 and 2003, Pierre was a principal and oil trader at Bank of America in Singapore. 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. Commodities hedge fund manager Pierre Andurand closed his firm’s New York office after a tough trading year in 2018, instead focusing the business … Both the U.S. and global crude benchmarks lost more than a fifth of their value last year. Most of the funds’ gains came in March and April when the first coronavirus wave shut economies, leading to a collapse in energy prices. Photographer: Anthony Harvey/Getty Images for The New York Times. Pierre Andurand generated extraordinary gains in 2020 trading oil. Pierre Andurand’s oil hedge funds stormed back in 2020 to post their biggest-ever gains as the global pandemic roiled energy markets. 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 … 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. A spokesman for Andurand Capital Management, which has offices in London and Malta, declined to comment. "Andurand Capital Management LLP is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex". 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. Have a confidential tip for our reporters? Now he's setting his sights on clean energy. 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. 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. After graduation Andurand was recruited by Goldman Sachs to work as an oil trader for its commodities trading unit in Singapore. 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. Dec 2018 – Present 1 year 1 month. LONDON: French trader and specialist oil hedge fund manager Pierre Andurand saw it coming from early February.

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