281:
world, that it was contagious, and that the potential death toll made lockdowns inevitable. He positioned his funds to bet against the oil price, in the belief that energy would be one of the hardest-hit sectors. In mid-2021 Andurand again turned bullish on oil amid a recovery in demand and a tail-off in supply growth. His
Andurand Commodities Discretionary Enhanced Fund ended with annual gains of 87% in 2021, following gains of 154% in 2020. The same fund was up 112% for the year to date through April 2022. His older Andurand Commodities Fund closed 2021 up 36%.
271:
The firm has $ 2 billion in assets under management as of June 2022, across a number of separate funds. The biggest fund, the
Andurand Commodities Discretionary Enhanced Fund, returned 162% to June 2022, having returned 87% in 2021; the $ 750m Andurand Commodities Fund was up 41% in the same period.
280:
In an interview with the
Financial Times, Andurand said the Covid-19 had become his singular area of focus since early 2020, when he spent two weeks studying the early spread of the disease. Andurand claimed it was clear to him from February that the virus was going to spread to the rest of the
234:
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.
252:
reached $ 2.4 billion. Performance was 210% in 2008, 55% in 2009, 13% in 2010, and -34% in 2011. 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.
264:
In 2013, the
Andurand Commodities Fund finished the year as one of the best performing commodities hedge funds with a 25% return. In 2014, the fund generated a 38% return net of all fees by forecasting a sharp decline in crude oil prices.
131:
manager. His funds have approximately $ 2bn in assets under management and have produced cumulative returns of between 900 to 1,300% for investors since 2008. He is also the majority shareholder of the international kickboxing league
243:
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
825:
289:
In July 2021, Andurand launched an environmental fund, further to the firm's focus on green energy transition. The
Andurand Climate and Energy Transition Fund had returned 28% by January 2022.
261:
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.
1066:
951:
304:
In
September 2016, Glory Sports International announced a Series B financing round with Yao Capital, the investment firm founded by Chinese basketball star
1173:
833:
1026:
343:
976:
772:
1188:
609:
545:
746:
636:
462:
397:
248:. In June of that year, its returns were described by the New York Post as being of "eye-popping" and "monstrous" proportions. Its peak in
268:
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.
157:
152:, 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
324:
In August 2011, Andurand married
Evgenia Slusarenko, before they agreed to a divorce in 2016. In July 2019, he married Elena Sereda.
1124:
719:
1178:
1092:
875:
428:
1125:"Mr P. Andurand and Miss E. Sereda – Engagements Announcements – Telegraph Announcements"
297:
A martial arts fan, Andurand turned to kickboxing as a means to keep fit while working as an oil trader. He formed
1163:
206:
A keen swimmer in his youth, Andurand was a member of the French National Junior Swimming Team in 1993 and 1994.
200:
1168:
1193:
1051:
798:
504:
313:
1183:
443:
17:
1001:
925:
899:
672:
573:
370:
301:
after rival series K-1 ran into financial difficulties and refused Andurand's offer of a buy-out.
249:
245:
524:
482:
1153:
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1158:
192:
184:
8:
641:
188:
176:
168:(HEC School of Management in Paris), where he achieved an MSc. in International Finance.
161:
848:
298:
133:
1100:
646:
584:
180:
172:
678:
579:
530:
376:
227:
145:
46:
309:
1147:
1104:
650:
614:
588:
488:
215:
700:
411:
312:
also participated in the syndicate. Existing Glory shareholders, including
196:
219:
900:"Pierre Andurand posts blockbuster gains after bet on rising oil prices"
799:"Hedge fund manager Andurand strikes gold again by betting on oil crash"
1067:"Yao Capital and Liberty Global Conclude Strategic Investment in GLORY"
148:. At eight years old, he moved with his family to the French island of
128:
59:
149:
223:
165:
305:
275:
153:
1027:"Andurand, Westbeck Hedge Funds Soar on Back of Commodities Rally"
610:"Andurand Stays Bullish on Oil, Predicting 'Hefty' Drop in Supply"
160:(National Institute of Applied Sciences) where he got his Msc. in
977:"Andurand's Hedge Fund Surges 109% This Year on Commodity Tumult"
773:"Andurand Hedge Fund Said to Gain 38% Last Year on Oil Slide Bet"
546:"Eleven Hedge Fund Traders Scored Big During Worst of the Crisis"
344:"Andurand's Biggest Hedge Fund Surges 162% on Commodities Rally"
747:"Andurand Hedge Fund Said to Gain 18% in November Shorting Oil"
371:"Andurand hedge fund's $ 100 oil bet stands out from the herd"
1002:"Andurand hires top environmental analyst in green fund push"
231:
952:"The Winning And Losing Hedge Funds Of The March Pandemic"
926:"The fall and rise of Pierre Andurand, oil's comeback kid"
400:(in French). l'Ecole des Hautes Etudes Commerciales (HEC).
308:, acquiring a significant strategic stake in the company;
826:"Energy hedge fund Andurand up 22.2 pct in 2016 - source"
701:"Taylor Woods, Andurand Shine As Commodity Funds Suffer"
230:
Singapore as a Principal in oil trading. He then joined
444:"'SLICK' BETS PROPEL BLUEGOLD RETURNS A MONSTROUS 160%"
1052:"BlueGold's kickboxing oil trader aims to strike back"
316:
of Boston, also participated in the financing round.
608:
Nussbaum, Alex; Kishan, Saijel (15 September 2016).
601:
564:
361:
284:
671:
572:
523:
481:
369:
673:"Investors starting to look at commodities again"
628:
515:
127:(born February 1977) is a French businessman and
1145:
1044:
571:Sheppard, David; Hume, Neil (1 September 2015).
463:"BlueGold closes and returns funds to investors"
276:2020 Covid-19 pandemic and world oil price slump
607:
1093:"Prufrock: Tamara's hissy fit at buyout boys"
823:
398:"Optimiste, réaliste… et de bonne réputation"
166:École des Hautes Études Commerciales de Paris
570:
1174:French sports executives and administrators
770:
473:
423:
421:
214:After graduation Andurand was recruited by
139:
637:"Oil Hedge Funds Struggle in Age of Algos"
574:"Oil bear bets on return to $ 25 a barrel"
479:
1064:
158:Institut National des Sciences Appliquées
923:
796:
418:
367:
144:Andurand was born in the French city of
1189:French expatriates in the United States
744:
525:"BlueGold hedge fund liquidates assets"
14:
1146:
717:
441:
429:"Oil Hedge Fund BlueGold to Liquidate"
1090:
521:
480:Mackintosh, James (13 January 2009).
771:Wainewright, Will (6 January 2015).
745:Fortado, Lindsay (2 December 2014).
634:
412:"Andurand Capital Management - Team"
338:
336:
460:
292:
256:
238:
24:
873:
797:Sheppard, David (6 January 2015).
724:The trend is AHL's friend, at last
368:Sheppard, David (10 August 2017).
25:
1205:
949:
505:"BlueGold swims against the tide"
333:
218:to work as an oil trader for its
876:"Get Ready For $ 8-A-Gallon Gas"
669:
635:Yang, Stephanie (25 June 2018).
502:
319:
285:Andurand Climate and Energy Fund
226:. After Goldman Sachs he joined
91:
43:February 1977 (age 47)
1117:
1084:
1058:
1019:
994:
969:
943:
924:Sheppard, David (22 May 2020).
917:
892:
867:
817:
790:
764:
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711:
693:
663:
538:
201:Queen Mary University of London
111:
87:
496:
454:
435:
404:
390:
13:
1:
1129:announcements.telegraph.co.uk
1065:International, Glory Sports.
1054:. Reuters. February 10, 2010.
327:
718:Foster, Mike (Jan 8, 2015).
7:
1179:People from Aix-en-Provence
522:Jones, Sam (5 April 2012).
431:. MoneyNews. April 6, 2012.
10:
1210:
1091:Walsh, Kate (2012-01-15).
314:TwinFocus Capital Partners
209:
175:in Computer Science from
66:
54:
39:
32:
140:Early life and education
1164:French company founders
250:assets under management
246:assets under management
1169:Kickboxing executives
874:Helman, Christopher.
1194:Kickboxing promoters
193:University of Oxford
90: 2011;
824:Reuters Editorial.
642:Wall Street Journal
483:"BlueGold coins it"
177:Columbia University
162:Applied Mathematics
1071:www.prnewswire.com
859:has generic name (
442:Whitehouse, Kaja.
299:Glory World Series
77:Evgenia Slusarenko
27:French businessman
720:"eFinancial News"
461:Aldrick, Philip.
191:Physics from the
164:before moving to
122:
121:
16:(Redirected from
1201:
1184:HEC Paris alumni
1139:
1138:
1136:
1135:
1121:
1115:
1114:
1112:
1111:
1097:The Sunday Times
1088:
1082:
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865:
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858:
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852:
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841:
836:on June 18, 2018
832:. Archived from
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815:
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810:
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788:
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768:
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705:FIN Alternatives
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394:
388:
387:
385:
384:
373:
365:
359:
358:
356:
355:
340:
293:Glory Kickboxing
257:Andurand Capital
239:Bluegold Capital
222:trading unit in
195:, and an MSc in
171:He also holds a
115:
113:
95:
93:
89:
58:Businessman and
30:
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1073:(Press release)
1063:
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950:Vardi, Nathan.
948:
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930:Financial Times
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904:Financial Times
898:
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679:Financial Times
668:
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580:Financial Times
569:
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531:Financial Times
520:
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377:Financial Times
366:
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228:Bank of America
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125:Pierre Andurand
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114: 2019)
109:
105:
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94: 2016)
85:
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47:Aix-en-Provence
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34:Pierre Andurand
28:
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310:Liberty Global
294:
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156:to attend the
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615:Bloomberg.com
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552:. 19 May 2020
551:
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489:FT Alphaville
484:
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348:Bloomberg.com
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320:Personal life
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216:Goldman Sachs
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55:Occupation(s)
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1075:. Retrieved
1070:
1060:
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1035:. Retrieved
1033:. 2022-01-10
1030:
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1010:. Retrieved
1008:. 2021-06-09
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983:. 2022-03-10
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955:
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906:. 2022-03-10
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670:Hume, Neil.
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350:. 2022-06-14
347:
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197:Astrophysics
185:Mathematical
170:
143:
124:
123:
104:Elena Sereda
1159:1977 births
809:16 February
803:Reuters.com
782:16 February
756:16 February
730:16 February
726:. Dow Jones
685:20 February
503:King, Ian.
220:commodities
189:Theoretical
1148:Categories
1134:2019-07-26
1110:2019-12-17
1077:2016-09-27
1037:2022-07-01
1012:2022-07-01
987:2022-07-01
956:Forbes.com
910:2022-07-01
885:2022-07-01
840:2018-06-18
656:2018-06-28
621:2016-09-27
594:2015-10-09
383:2018-06-18
354:2022-06-19
328:References
129:hedge fund
60:hedge fund
1105:0956-1382
849:cite news
805:. Reuters
777:Bloomberg
751:Bloomberg
651:0099-9660
589:0307-1766
550:Bloomberg
467:Telegraph
224:Singapore
306:Yao Ming
179:, and a
154:Toulouse
49:, France
18:Andurand
150:RĂ©union
116:
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67:Spouses
62:manager
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961:1 June
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880:Forbes
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587:
556:1 June
210:Career
509:Times
232:Vitol
199:from
134:Glory
110:(
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1101:ISSN
963:2020
937:2020
861:help
811:2015
784:2015
758:2015
732:2015
687:2015
647:ISSN
585:ISSN
558:2020
187:and
92:div.
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830:U.K
183:in
181:MSc
173:MSc
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