2018 was a very bad year for one-time commodity trading wunderkind, Pierre Andurand, who back in April of 2018 bet oil could soon hit $100 a barrel (and even said $300 oil is "not impossible"), but watched as his billion Andurand Commodities Fund suffered its largest monthly loss ever just a few months later as oil closed the year at just half of his target price.
And while his performance in 2019 was better, the energy trader who runs one of the last big oil-focused hedge funds again failed to generate a positive return…This Hedge Fund Made A Killing On Oil Volatility In 2020
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