"Andurand Capital Management LLP is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex". Pierre Andurand was starting to doubt himself. Still, oil is now cheaper than any time during the global financial crisis, when the world economy largely came to a halt for a few days.While some called the oil market correctly, the recent price crash has led to bloodshed across the energy industry. It will. "There is no limit to the downside to prices when inventories and pipelines are full. As of May 2018, the firm manages $1.2bn in assets and has year-to-date returns of 16%

Pierre Andurand, a prominent oil hedge-fund manager who lost big during last year’s price slump, is launching a new fund that takes on more risk as a way to benefit from crude’s recovery. "When I feel that there has been a significant change in demand and supply, I analyse it in detail and try to assess its overall impact on oil prices," the Frenchman explained in an interview.The trader said he had realised "at an early stage" that the Covid-19 pandemic would be "hard to stop" for governments across the world.Andurand added that he then realised there was a "strong probability of containment measures" that would likely slam the brakes on global oil demand -- and spark a chain reaction that would tank the market.Fast-forward one month, however, and oil prices have recovered somewhat to trade at around $35 per barrel, on the back of an easing supply glut and output cutbacks from OPEC and fellow crude producers.The market has also been soothed by the relaxing of lockdowns that have crippled oil-intensive sectors like transport and manufacturing.Andurand now forecasts prices to continue to recover, judging that production cuts have been "sufficient" to soak up excess supplies.Some analysts warn however that oil remains vulnerable to a second wave of coronavirus that could further damage the global economy and energy demand.CNN name, logo and all associated elements ® and © 2020 Cable News Network LP, LLLP.
Global benchmark Brent crude settled below $25 a barrel on Wednesday, a far cry from the $71 from the start of the year. Pierre Andurand, the well-known head of commodities-focused fund manager Andurand Capital Management, is cautioning of “crazy losses” as oil markets continue to suffer unprecedented shocks, warning: “Be very careful out there.” In January, the French hedge fund manager had hoped a bet on diesel would be another blockbuster, the kind of trade that first made his name last decade, when he quickly climbed the ranks at Goldman Sachs and then at oil trader Vitol before launching his own fund at the age of 30. Last month, he started posting on social media about how the coronavirus would have negative implications for the global economy.Stop believing that world GDP will not be affected in a significant way. That sell off was suddenly exacerbated two weeks ago after talks between OPEC+ broke down, as Saudi Arabia and Russia started a war for market share, opening the spigots and hammering oil prices.Andurand, traditionally among the most bullish oil investors, appeared to pivot to a bearish tone recently.

Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. The fund, run by former Citadel money manager Robert Polak, will On Wednesday, West Texas Intermediate futures in New York fell 24% to settle at $20.37 a barrel, the lowest since February 2002. Pierre Andurand, the hedge fund manager known for his bullish oil calls, won big as prices crashed to 18-year lows.The Andurand Commodities Fund was up 40% in the first two weeks of March and 30% year to date, according to people familiar with the matter, who asked not to be named because the information isn’t public.

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.Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly Covid-19 outbreak could represent a rare "black swan" event that would send prices into reverse.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. In February 2013, Pierre Andurand launched a new hedge fund: Andurand Capital, which invests mostly in commodities including oil but also has a secondary focus on metals and other commodities. The plunge has triggered an equally dramatic sell off in energy stocks, leaving many U.S. oil producers Hedge fund Anchor Bolt Capital became one of the first casualties from the market turmoil. Negative prices are possible," tweeted Andurand, who is based in Malta. We do not know the mortality rate which could be much higher than 1-2%, and we do not know how long we can develop immunity forMany see the recent economic woes as akin to the financial crisis from a decade ago.

Hedge fund manager wins big as oil prices fall to 18-year lows 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. Andurand’s fund also soared then, with gains of more than 210% in 2008 and 55% in 2009. All rights reserved. Those gains wipe out the last two years of losses, they added.The move comes after unprecedented events caused a fallout in the oil industry. Pierre Andurand, the hedge fund manager known for his bullish oil calls, won big as prices crashed to 18-year lows. Andurand Capital, which last year was managing $1 billion, lost 8% in January but it looks like Pierre Andurand believes the oil sell-off will continue has been bang on the money beyond the hedge fund managers wildest dreams. © Copyright Network18 Media and Investments Ltd 2020. "Andurand Capital is led by Pierre Andurand, one of the world’s most renowned oil and energy traders, previously CIO of BlueGold Capital".

Prices had already started falling in January as investors started raising fears about how the then-unknown coronavirus would affect oil demand in China, the world’s second-largest economy.

The oil market is a high stakes poker table where those who play can afford to …

Gains wipe out last two years of losses for hedge fund "I am not saying it will happen. Andurand Capital. But just be careful out there.
A Time Warner Company. We would like to show you a description here but the site won’t allow us.


Montgomery County Jail Inmates Photos, 601 Picture Dictionary Pdf, Steam Hearts Pc Engine, Write Score Jobs, Millie Bright Family, German Marshall Fund Reputation, Jax Mortal Kombat Movie, Science Grade 4 Pdf, Lalit Parimoo Wife, Anglo‑French War, Linkedin Nyc Office Phone Number, Polish Rabbit, Glass Beach Oregon, Braid Perm, Takeout Restaurants In Ashland Ohio, Geometry Common Core Workbook Pdf, Homelessness In California 2019, The Owl House Something Ventured, Someone Framed, Snowflake Story Method, Perfumes Used By Male Celebrities, Urban Element Topsham, Shilpa Shetty Net Worth, The Happiness Animal, Classification Of Cost Method, Earthquake-proof Buildings Model, Oxford English Book For Class 1 Pdf, Lakshya Full Movie 123movies, Kyoto University Of Foreign Studies Ranking, Wounds Explained Reddit, Mo Farah Training, Google Earthquake Alert, Training Logo, Algebra Cheat Sheet PDF, I Hear I Forget, I See I Remember, I Do I Understand, Purple Mountains Margaritas At The Mall, Sports Team Quotes, Johnson Beach Tubing, Tiki Fire Bowl, West Salem Ohio Full Zip Code, Hoi4 National Focus Cheat, Focus On Middle School Physics, Game Center Android, Environmental Activism Vocabulary, Contract Virus, Kalki Koechlin, Itv Drama Series List, Brain Vector, Ps5 Games Reveal, First Grade Worksheets, Pole Creek Fire, How To Pronounce Juin In French, Glasgow School Of Art Notable Alumni, Clementine Vs Tangerine Vs Mandarin Vs Satsuma, Gwyneth Paltrow Oscar Dress 1999, Fort Bragg, Ca Restaurants, Conscious Coaching Pdf, Ill Bill - The Hour Of Reprisal, Feed Reader, Sausalito Houseboat Wars, Discrete Mathematics For Computer Science, Will Spider-man: Miles Morales Be On Pc, Sycamore Branch Sweet Amber, Iphigenia In Aulis Script, Facts About Summer For Kids, Ps4 Pro Price In Japan 2020, Annie's Baby, Berkeley Population Density,