Q Grant Smith Tue, June 14, 2022 https://finance.yahoo.com/news/andurand-biggest-hedge-fund-surges-101308937.html
(Bloomberg) -- Commodities trader Pierre Andurand is heading for a stellar first half, with the biggest of his funds returning 162% so far this year, according to a person with knowledge of the matter. UQ
Q https://www.forbes.com/sites/antoinegara/2021/02/02/exclusive-hedge-fund-superstar-pierre-andurand-sets-sights-on-clean-energy-after-154-gain/? In March, oil markets briefly went negative, as Andurand had predicted, and the industry faced its deepest slump in decades. According to sources, Andurand’s various funds gained between 60% and 155% that month as energy prices plunged. (Andurand declined to comment on his performance). By April, with governments enacting stimulus and markets having hit extreme lows, Andurand’s hedge fund exited the short trade and spent the remainder of the year largely in cash. He was generally bullish on the idea that oil had hit bottom, but fearful of a second Coronavirus wave. Andurand’s funds ended the year up between 69% and 154%, holding onto gains from March, and have dramatically outperformed commodities markets on a long-term basis. UQ Q Anyhow, these quant funds--and plenty of "value" investors--are now chasing alpha by laying on the energy bets, to the chagrin of policy makers and consumers. But I would point out that none other than the Oil King himself, trader Pierre Andurand--who correctly predicted oil would collapse into negative territory last year--is now "bearish on the long-term prospects of oil, and sees renewable energy as the market to go long," according to an interview he did with Forbes earlier this year. https://www.cnbc.com/2021/09/21/kelly-evans-the-energy-profiteers.html UQ
(Bloomberg) -- Commodities trader Pierre Andurand is heading for a stellar first half, with the biggest of his funds returning 162% so far this year, according to a person with knowledge of the matter.
UQ
In March, oil markets briefly went negative, as Andurand had predicted, and the industry faced its deepest slump in decades. According to sources, Andurand’s various funds gained between 60% and 155% that month as energy prices plunged. (Andurand declined to comment on his performance).
By April, with governments enacting stimulus and markets having hit extreme lows, Andurand’s hedge fund exited the short trade and spent the remainder of the year largely in cash. He was generally bullish on the idea that oil had hit bottom, but fearful of a second Coronavirus wave. Andurand’s funds ended the year up between 69% and 154%, holding onto gains from March, and have dramatically outperformed commodities markets on a long-term basis.
UQ
Q Anyhow, these quant funds--and plenty of "value" investors--are now chasing alpha by laying on the energy bets, to the chagrin of policy makers and consumers. But I would point out that none other than the Oil King himself, trader Pierre Andurand--who correctly predicted oil would collapse into negative territory last year--is now "bearish on the long-term prospects of oil, and sees renewable energy as the market to go long," according to an interview he did with Forbes earlier this year.
https://www.cnbc.com/2021/09/21/kelly-evans-the-energy-profiteers.html
UQ