Andurand’s Oil Hedge Fund Crashes after Oil Price Bet Goes Awry
Andurand’s Oil Hedge Fund Crashes after Oil Price Bet Goes Awry After a wildly successful period amid soaring oil prices, legendary oil trader Pierre Andurand has seen his hedge fund suffer the worst ever loss after oil prices reversed course. Andurand’s main Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7%…