Cameron graduated in Investment Management from the University of Cape Town. Pierre Andurand then moved to London in 2004 and was made a partner. Pierre Andurand, 38Hometown:Aix-en-Provence, FranceAlma Mater:HECSchool of Management, M.Sc.

[2] Andurand's various funds have produced cumulative returns of between 900-1300% for investors since 2008. However, the Andurand Commodities Fund has a long history of positive performance, eking out modest gains of 2.2% in 2017 and making 22.1% in 2016 and 38.3% in 2014, according to data compiled by HSBC. Steen holds a Master’s degree in International Trading, Commodity Finance, & Shipping from the University of Geneva as well 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. We are going to hear about crazy losses in the days and weeks to come.”. Cameron van der Burgh is an oil analyst on the investment team at Andurand Capital having joined the firm in October 2018.

A Russian-Saudi pact to reduce output has helped to support oil prices since 2016, but also gave a boost to U.S. shale producers, who are much less efficient than other oil firms. To truly understand Pierre Andurand’s performance pullback in 2018, it’s necessary to look at his longer-term track record. in International Finance. She was previously at BlueGold Capital in the same capacity where she joined in March 2009.

The business newspaper also noted his luxury London townhouse in plush Knightsbridge and his flash Bugatti supercar. I then received an offer from Vitol, one of the leading oil trading companies to become a partner. Andurand indicated that roughly 60 per cent of all Oil ETFs are in the June WTI price, adding: “If June WTI rolls down to May WTI level over the next few weeks, investors in ETF tracking front WTI would lose about 40 per cent of their money, even though front contract WTI will still show USD14.50.”, He said: “I think June will be worse than May. All quotes delayed a minimum of 15 minutes.

Andurand had previously correctly forecast that oil prices would strike a record peak of $147 per barrel in 2008. Prior to that, Fernando was an analyst in the commodity trading unit of Citigroup. The MSc clearly opened the door for me to obtain several job offers: Equity Derivatives Trading at Deutsche Bank and Commodities Trading at Goldman Sachs . [7][8][9] 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.

LONDON (Reuters) - 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. Andurand said his firm had been long crude in the first week of January before going flat because of negative price action, warm weather and lower-than-expected demand, finally moving to a short position. “It is possible that we lose 10 million barrels per day of demand for six months or so,” he said. Pierre 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 … But just be careful out there.". The MSc clearly opened the door for me to obtain several job offers: Equity Derivatives Trading at Deutsche Bank and Commodities Trading at Goldman Sachs.

He started with Vitol in 2003 in Singapore and relocated to London where he became a Partner 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.” I didn’t take this failure well at the time, but I then came to accept that I was not good enough to make this Olympic dream come true. The collapse stems from fears of a global storage capacity shortage, driving sellers to quickly offload inventory as futures contracts on the US benchmark expired. [26], 2020 Covid-19 pandemic and world oil price slump, Institut National des Sciences Appliquées, École des Hautes Études Commerciales de Paris, "BlueGold's kickboxing oil trader aims to strike back", "Andurand hedge fund's $100 oil bet stands out from the herd", "Optimiste, réaliste… et de bonne réputation", "BlueGold closes and returns funds to investors", "Eleven Hedge Fund Traders Scored Big During Worst of the Crisis", "Oil bear bets on return to $25 a barrel", "Andurand Stays Bullish on Oil, Predicting 'Hefty' Drop in Supply", "Oil Hedge Funds Struggle in Age of Algos", "Investors starting to look at commodities again", "Taylor Woods, Andurand Shine As Commodity Funds Suffer", "Andurand Hedge Fund Said to Gain 18% in November Shorting Oil", "Andurand Hedge Fund Said to Gain 38% Last Year on Oil Slide Bet", "Hedge fund manager Andurand strikes gold again by betting on oil crash", "Energy hedge fund Andurand up 22.2 pct in 2016 - source", "The fall and rise of Pierre Andurand, oil's comeback kid", "The Winning And Losing Hedge Funds Of The March Pandemic", "Yao Capital and Liberty Global Conclude Strategic Investment in GLORY", "Prufrock: Tamara's hissy fit at buyout boys", "Mr P. Andurand and Miss E. Sereda – Engagements Announcements – Telegraph Announcements",, French sports executives and administrators, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 June 2020, at 09:50. Pierre Andurand is an oil trader known for making big bets. Brent crude crashed 24% to around $34 per barrel on Monday after Saudi Arabia and Russia failed to agree a new pact to reduce supply and decided to pump at will in an already oversupplied market.

In 2000 Pierre was recruited out of graduate school by Goldman Sachs to be an oil trader

As of May 2020 one of Andurand’s funds was up +148% for the year.[22][23]. He formed Glory World Series after rival series K-1 ran into financial difficulties and refused Andurand's offer of a buy-out.