Reported about 22 hours ago
Oil trader Pierre Andurand's hedge fund faced a substantial decline of 37% in the early months of 2025, wiping out all gains from the previous year. The Andurand Commodities Discretionary Enhanced fund dropped 24% in February alone, attributed to volatile commodities markets and fluctuating oil prices, which recently surged and then fell due to geopolitical tensions and market concerns. This tumultuous period sharply contrasts with the fund's remarkable performance over the past three years.
Source: YAHOO