270:
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%.
260:
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.
269:
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
223:
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.
241:
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.
253:
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.
120:
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
232:
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
814:
278:
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.
1162:
1177:
250:
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.
1055:
940:
146:
293:
In
September 2016, Glory Sports International announced a Series B financing round with Yao Capital, the investment firm founded by Chinese basketball star
822:
1015:
332:
965:
761:
598:
534:
735:
625:
451:
386:
1167:
237:. 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
257:
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.
141:, 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
313:
In August 2011, Andurand married
Evgenia Slusarenko, before they agreed to a divorce in 2016. In July 2019, he married Elena Sereda.
1152:
189:
1157:
1113:
708:
1081:
1182:
864:
417:
1114:"Mr P. Andurand and Miss E. Sereda – Engagements Announcements – Telegraph Announcements"
286:
A martial arts fan, Andurand turned to kickboxing as a means to keep fit while working as an oil trader. He formed
302:
1172:
195:
A keen swimmer in his youth, Andurand was a member of the French National Junior Swimming Team in 1993 and 1994.
238:
234:
1142:
1040:
787:
493:
1147:
181:
173:
432:
630:
177:
165:
150:
990:
914:
888:
661:
562:
359:
290:
after rival series K-1 ran into financial difficulties and refused Andurand's offer of a buy-out.
837:
287:
122:
513:
471:
1089:
635:
573:
169:
161:
849:
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568:
519:
365:
216:
134:
35:
157:(HEC School of Management in Paris), where he achieved an MSc. in International Finance.
298:
1136:
603:
477:
204:
185:
208:
138:
117:
48:
1093:
639:
577:
689:
212:
154:
400:
301:
also participated in the syndicate. Existing Glory shareholders, including
294:
142:
889:"Pierre Andurand posts blockbuster gains after bet on rising oil prices"
788:"Hedge fund manager Andurand strikes gold again by betting on oil crash"
1056:"Yao Capital and Liberty Global Conclude Strategic Investment in GLORY"
137:. At eight years old, he moved with his family to the French island of
1016:"Andurand, Westbeck Hedge Funds Soar on Back of Commodities Rally"
599:"Andurand Stays Bullish on Oil, Predicting 'Hefty' Drop in Supply"
220:
149:(National Institute of Applied Sciences) where he got his Msc. in
966:"Andurand's Hedge Fund Surges 109% This Year on Commodity Tumult"
762:"Andurand Hedge Fund Said to Gain 38% Last Year on Oil Slide Bet"
535:"Eleven Hedge Fund Traders Scored Big During Worst of the Crisis"
333:"Andurand's Biggest Hedge Fund Surges 162% on Commodities Rally"
736:"Andurand Hedge Fund Said to Gain 18% in November Shorting Oil"
360:"Andurand hedge fund's $ 100 oil bet stands out from the herd"
991:"Andurand hires top environmental analyst in green fund push"
941:"The Winning And Losing Hedge Funds Of The March Pandemic"
915:"The fall and rise of Pierre Andurand, oil's comeback kid"
389:(in French). l'Ecole des Hautes Etudes Commerciales (HEC).
297:, acquiring a significant strategic stake in the company;
815:"Energy hedge fund Andurand up 22.2 pct in 2016 - source"
690:"Taylor Woods, Andurand Shine As Commodity Funds Suffer"
219:
Singapore as a Principal in oil trading. He then joined
433:"'SLICK' BETS PROPEL BLUEGOLD RETURNS A MONSTROUS 160%"
1041:"BlueGold's kickboxing oil trader aims to strike back"
305:
of Boston, also participated in the financing round.
597:
Nussbaum, Alex; Kishan, Saijel (15 September 2016).
55:
43:
28:
21:
660:
561:
512:
470:
358:
662:"Investors starting to look at commodities again"
116:(born February 1977) is a French businessman and
560:Sheppard, David; Hume, Neil (1 September 2015).
452:"BlueGold closes and returns funds to investors"
265:2020 Covid-19 pandemic and world oil price slump
1082:"Prufrock: Tamara's hissy fit at buyout boys"
387:"Optimiste, réaliste… et de bonne réputation"
155:École des Hautes Études Commerciales de Paris
8:
1163:French sports executives and administrators
412:
410:
203:After graduation Andurand was recruited by
626:"Oil Hedge Funds Struggle in Age of Algos"
563:"Oil bear bets on return to $ 25 a barrel"
18:
147:Institut National des Sciences Appliquées
133:Andurand was born in the French city of
1178:French expatriates in the United States
514:"BlueGold hedge fund liquidates assets"
321:
845:
835:
418:"Oil Hedge Fund BlueGold to Liquidate"
469:Mackintosh, James (13 January 2009).
7:
760:Wainewright, Will (6 January 2015).
734:Fortado, Lindsay (2 December 2014).
401:"Andurand Capital Management - Team"
327:
325:
786:Sheppard, David (6 January 2015).
713:The trend is AHL's friend, at last
357:Sheppard, David (10 August 2017).
14:
494:"BlueGold swims against the tide"
207:to work as an oil trader for its
865:"Get Ready For $ 8-A-Gallon Gas"
624:Yang, Stephanie (25 June 2018).
274:Andurand Climate and Energy Fund
215:. After Goldman Sachs he joined
80:
32:February 1977 (age 47)
913:Sheppard, David (22 May 2020).
190:Queen Mary University of London
100:
76:
1:
1118:announcements.telegraph.co.uk
1054:International, Glory Sports.
1043:. Reuters. February 10, 2010.
707:Foster, Mike (Jan 8, 2015).
1168:People from Aix-en-Provence
511:Jones, Sam (5 April 2012).
420:. MoneyNews. April 6, 2012.
1199:
1080:Walsh, Kate (2012-01-15).
303:TwinFocus Capital Partners
164:in Computer Science from
129:Early life and education
1153:French company founders
239:assets under management
235:assets under management
1158:Kickboxing executives
863:Helman, Christopher.
1183:Kickboxing promoters
182:University of Oxford
79: 2011;
813:Reuters Editorial.
631:Wall Street Journal
472:"BlueGold coins it"
166:Columbia University
151:Applied Mathematics
1060:www.prnewswire.com
848:has generic name (
431:Whitehouse, Kaja.
288:Glory World Series
66:Evgenia Slusarenko
16:French businessman
709:"eFinancial News"
450:Aldrick, Philip.
180:Physics from the
153:before moving to
111:
110:
1190:
1173:HEC Paris alumni
1128:
1127:
1125:
1124:
1110:
1104:
1103:
1101:
1100:
1086:The Sunday Times
1077:
1071:
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1067:
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1045:
1044:
1037:
1031:
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1028:
1027:
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1002:
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962:
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875:
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853:
847:
843:
841:
833:
831:
830:
825:on June 18, 2018
821:. Archived from
810:
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799:
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777:
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750:
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694:FIN Alternatives
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362:
354:
348:
347:
345:
344:
329:
282:Glory Kickboxing
246:Andurand Capital
228:Bluegold Capital
211:trading unit in
184:, and an MSc in
160:He also holds a
104:
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47:Businessman and
19:
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1063:
1062:(Press release)
1053:
1052:
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1014:
1013:
1009:
1000:
998:
995:Financial Times
989:
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959:
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939:Vardi, Nathan.
938:
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912:
911:
907:
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893:Financial Times
887:
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668:Financial Times
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559:
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520:Financial Times
510:
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366:Financial Times
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299:Liberty Global
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1143:Living people
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604:Bloomberg.com
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541:. 19 May 2020
540:
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478:FT Alphaville
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437:New York Post
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337:Bloomberg.com
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309:Personal life
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44:Occupation(s)
42:
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1059:
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1024:. Retrieved
1022:. 2022-01-10
1019:
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997:. 2021-06-09
994:
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972:. 2022-03-10
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922:. Retrieved
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895:. 2022-03-10
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339:. 2022-06-14
336:
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186:Astrophysics
174:Mathematical
159:
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113:
112:
93:Elena Sereda
1148:1977 births
798:16 February
792:Reuters.com
771:16 February
745:16 February
719:16 February
715:. Dow Jones
674:20 February
492:King, Ian.
209:commodities
178:Theoretical
1137:Categories
1123:2019-07-26
1099:2019-12-17
1066:2016-09-27
1026:2022-07-01
1001:2022-07-01
976:2022-07-01
945:Forbes.com
899:2022-07-01
874:2022-07-01
829:2018-06-18
645:2018-06-28
610:2016-09-27
583:2015-10-09
372:2018-06-18
343:2022-06-19
317:References
118:hedge fund
49:hedge fund
1094:0956-1382
838:cite news
794:. Reuters
766:Bloomberg
740:Bloomberg
640:0099-9660
578:0307-1766
539:Bloomberg
456:Telegraph
213:Singapore
295:Yao Ming
168:, and a
143:Toulouse
38:, France
139:RĂ©union
105:
97:
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73:
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56:Spouses
51:manager
1092:
950:1 June
924:1 June
869:Forbes
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576:
545:1 June
199:Career
498:Times
221:Vitol
188:from
123:Glory
99:(
95:
75:(
71:
1090:ISSN
952:2020
926:2020
850:help
800:2015
773:2015
747:2015
721:2015
676:2015
636:ISSN
574:ISSN
547:2020
176:and
81:div.
29:Born
819:U.K
172:in
170:MSc
162:MSc
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