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Oil Hedge Fund Giant Hammered In Crude’s Slide

by wsj.com posted 4months ago 28 views
One of the last oil hedge funds standing has become a high-profile victim of the recent rout in crude prices. Pierre Andurand, who earlier in 2018 predicted oil could soon hit $100 a barrel, suffered the largest-ever monthly loss of his flagship fund in October. The $1 billion Andurand Commodities Fund lost 20.9% last month, taking the fund down more than 12% for the year, according to numbers sent to investors and reviewed by The Wall Street Journal.

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