Just a few hours afterwards, New York light sweet crude nosedived into negative territory for the first time in history, plagued by demand-destroying coronavirus, a vast supply glut and a Saudi-Russian price war. Pierre Andurand’s oil hedge fund stormed back in 2020 after two years of losses to post its biggest-ever gain (68.6% & 154% in Enhanced Fund) as the… Liked by Alexander Atepolikhin I am very excited and honored to announce that I have started today my new position as Cluster Director of Sales & Marketing for Grand Hyatt Bali… "There is no limit to the downside to prices when inventories and pipelines are full. Pierre Andurand generated extraordinary gains in 2020 trading oil. View the profiles of professionals named "Piërre" on LinkedIn. There was perhaps no trader in the world who navigated oil markets at scale better than Andurand in 2020. Negative prices are possible," tweeted Andurand, who is based in Malta. Andurand's funds have sky-rocketed in value on the back of his remarkable prediction, winning a three-digit percentage since the start of the year. CIO. MSc Internationl Finance. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.). Beliebt bei Lorenz Kuhn. Consultez le profil complet sur LinkedIn et découvrez les relations de Patrick, ainsi que des emplois dans des entreprises similaires. In October 2007, Andurand co-founded the hedge-fund investment group BlueGold. There are 387,000+ professionals named "Pierre", who use LinkedIn to exchange information, ideas, and opportunities. Pierre Andurand’s oil hedge fund stormed back in 2020 after two years of losses to post its biggest-ever gain (68.6% & 154% in Enhanced Fund) as the… Liked by Alexander Atepolikhin I am very excited and honored to announce that I have started today my new position as Cluster Director of Sales & Marketing for Grand Hyatt Bali… pierre a 1 poste sur son profil. Facebook Twitter Instagram Linkedin RSS. (Bloomberg) --Pierre Andurand’s oil hedge funds stormed back in 2020 to post their biggest-ever gains as the global pandemic roiled energy markets. See the complete profile on LinkedIn and discover Pierre’s connections and jobs at similar companies. Im Profil von Art Sales Michel ist 1 Job angegeben. Pierre Andurand. Andurand has become so bullish on clean energy, he’s planning to launch a long/short fund that will have a mandate to expand beyond futures markets and into equities. He laid out why the spread of the virus would quickly exhaust hospital beds, forcing governments worldwide to enact stringent lockdowns. Andurand had a dire prediction for his peers: Oil could trade at negative prices if the world entered lockdowns as Covid-19 spread further. Pierre was previously Chief Investment Officer at BlueGold, a global commodities hedge fund which at its peak managed over $2 billion USD, and which Pierre co-founded with Dennis Crema in … He was generally bullish on the idea that oil had hit bottom, but fearful of a second Coronavirus wave. If it does it would be very short lived. View the profiles of professionals named "Pierre" on LinkedIn. Andurand added that he then realised there was a "strong probability of containment measures" that would likely slam the brakes on global oil demand -- and spark a chain reaction that would tank the market. French oil trader Pierre Andurand had just predicted the oil market's biggest-ever shock. The business newspaper also noted his luxury London townhouse in plush Knightsbridge and his flash Bugatti supercar. Pierre Andurand’s track record makes his strategy one of the top performers in any category – and not only within the commodities space. The LLP is led by Pierre Andurand, one of the world's most renowned oil and energy traders. Now he's setting his sights on clean energy. If you believe journalism can help bring about positive change, join our ICIJ Insiders community by contributing $3 per month - or more! Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly COVID-19 outbreak could represent a rare "black swan" event that would send prices into reverse. "Andurand Capital Management LLP is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex". Pierre Andurand’s track record makes his strategy one of the top performers in any category – and not only within the commodities space. and then decline relatively fast in the 2030s,” he adds, “It will create opportunities in oil trading. Pierre Andurand’s oil hedge fund stormed back in 2020 after two years of losses to post its biggest-ever gain (68.6% & 154% in Enhanced Fund) as the… Beliebt bei Lorenz Kuhn. Pierre Andurand, a prominent oil hedge-fund manager who lost big during last year’s price slump, is launching a new fund that takes on more risk as a way to benefit from crude’s recovery. "I am not saying it will happen. Fast-forward one month, however, and oil prices have recovered somewhat to trade at around $35 per barrel, on the back of an easing supply glut and output cutbacks from OPEC and fellow crude producers. (Andurand declined to comment on his performance). French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. The Andurand Commodities Discretionary Enhanced strategy rose a spectacular 154.1 per cent in the same period. There are 387,000+ professionals named "Piërre", who use LinkedIn to exchange information, ideas, and opportunities. Andurand Capital Management LLP is a private fund management company in fundamental commodity strategies with a specialisation in the oil and energy complex. West Texas Intermediate crude hit a historic low of minus $40.32 per barrel on April 20 as sellers were forced to pay to offload the May contract amid scarce storage capacity. ANDURAND CAPITAL MANAGEMENT LLP | 1,035 followers on LinkedIn. Sending messages to people you know is a great way to strengthen relationships as you take the next step in your career. London's Brent North Sea oil dived to a record-low $15.98 on April 22 but did not turn negative. View Christian Klein’s profile on LinkedIn, the world’s largest professional community. ... LinkedIn . "Andurand Capital is led by Pierre Andurand, one of the world’s most renowned oil and energy traders, previously CIO of BlueGold Capital". Pierre Andurand was born on 1977-02- in Aix-en-Provence, France, is a French businessman. Pierre indique 6 postes sur son profil. CIO. View the profiles of professionals named "Pierre" on LinkedIn. Andurance Ventures is a Limited Liability Partnership authorised and regulated by the Financial Conduct Authority to advise investors in technology ventures with a strong focus on digital knowledge and content management start-ups in the consumer and enterprise space. Voir le profil de Patrick Andurand sur LinkedIn, le plus grand réseau professionnel mondial. Andurand is also a believer that the emissions regime is essential to putting a fair social price on climate warming pollution. Andurance Ventures LLP | 175 followers on LinkedIn | Andurance Ventures is a Limited Liability Partnership authorised and regulated by the Financial Conduct Authority to advise investors in technology ventures with a strong focus on digital knowledge and content management start-ups in the consumer and enterprise space. […] ICIJ’s investigations are supported by readers like you. In March, oil markets briefly went negative, as Andurand had predicted, and the industry faced its deepest slump in decades. See the complete profile on LinkedIn and discover Andrena’s connections and jobs at similar companies. ................................ Advertisement ................................ "Be Careful Out There": Trader Who Called Black Swan Event On Oil Prices, Viral: New Parents Anita Hassanandani And Rohit Reddy's Hospital Pic, Twitter Lists Action Taken After India's Notice, Underlines Free Speech, Some US Pharmacies Will Offer COVID-19 Vaccines From February 11, "Don't Rely Too Much" On US Virus Intelligence, Says WHO Mission Member, Most Number Of Sedition Cases Filed In Karnataka: Government, Indian Drugmaker To Pay $50 Million Fine In US For Irregularities, High Court Orders Reinstatement Of Home Guard Sacked For Being Gay, Indian Drugmaker Aims For 60 Crore Johnson & Johnson Vaccine Doses A Year, Man Wanted In Red Fort Violence Arrested From Punjab, This website follows the DNPA Code of Ethics. Learn How rich is He in this year and how He spends money? A second fund that gives Mr. Andurand more leeway to take risk gained 154%, the person familiar with the matter said. With the Open To Work feature, you can privately tell recruiters or publicly share with the LinkedIn community that youre looking for new job opportunities. But he’s starting to move on from the carbon industry as the regime change towards renewables accelerates. Grâce à LinkedIn, le plus grand réseau professionnel mondial, les professionnels comme Pierre Andurand peuvent découvrir des candidats recommandés, des experts du secteur et des partenaires commerciaux. Découvrez la composition de la fortune de Pierre Andurand et son dernier classement parmi les 500 plus grandes fortunes de France. “I think it's a sustainable business, both for the environment and financially.”, I’m a staff writer and associate editor at Forbes, where I cover finance and investing. Pierre Andurand generated extraordinary gains in 2020 trading oil. The ensuing glut of supply, he predicted, would quickly overwhelm storage capacity at hubs like Cushing, Oklahoma, creating an almost existential problem for anyone long the commodity and taking delivery. “We think that oil demand will peak around 2027, then be stable for a few years. Yet it has not all been plain sailing. Founder and CIO Andurand Capital. Consultez le profil complet sur LinkedIn et découvrez les relations de pierre, ainsi que des emplois dans des entreprises similaires. See the complete profile on LinkedIn and discover Véronique’s connections and jobs at similar companies. Share to Linkedin; With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. In fact, Andurand is bearish on the long-term prospects of oil and sees renewable energy at the market to go long. Some analysts warn however that oil remains vulnerable to a second wave of coronavirus that could further damage the global economy and energy demand. View Andrena Pierre’s profile on LinkedIn, the world’s largest professional community. Pierre Andurand, one of the world’s best-known oil traders, has suffered a big loss in his hedge fund during a turbulent start to 2020 for energy markets. MSc Internationl Finance. In one particularly successful year’s trading, Andurand’s bonus payment was $20 million. Pierre was previously Chief Investment Officer at BlueGold, a global commodities hedge fund which at its peak managed over $2 billion USD, and which Pierre co-founded with Dennis Crema in … Two months later, in another remarkable call, the hedge-fund trader tweeted on the morning of April 20 that oil could turn negative in a perfect storm of evaporating demand, chronic oversupply and scarce storage. Andurand, who was born in the southern French city of Aix-en-Provence and studied applied mathematics before attending the French business school HEC Paris, had just predicted the oil market's biggest-ever shock. In one particularly successful year’s trading, Andurand’s bonus payment was $20 million. According to sources, Andurand’s various funds gained between 60% and 155% that month as energy prices plunged. Now he's setting his sights on clean energy. Support icij. As he parsed the studies, he concluded that the medical community was underestimating the burdens Covid would place on hospitals and intensive care units. Pierre Andurand. Pierre Andurand is Chief Invsmt Ofcr/Mng Partner/Founder at Andurand Capital Mgmt LLP. See the complete profile on LinkedIn and discover Pierre’s connections and jobs at similar companies. Patrick a 7 postes sur son profil. Pierre Andurand. For us, it will also create opportunities in energy transition—not just oil— but also natural gas, power, emissions, and like copper and nickel that will benefit from more electrification.”. Auf LinkedIn können Sie sich das vollständige Profil ansehen und mehr über die Kontakte von Art Sales Michel und Jobs bei ähnlichen Unternehmen erfahren. See Pierre Andurand's compensation, career history, education, & memberships. His main Andurand Commodities Fund, which mostly bets on rises and falls in oil prices, was up 68.6% for the year, according to a person with knowledge of the matter. To truly understand Pierre Andurand’s performance pullback in 2018, it’s necessary to look at his longer-term track record. The Andurand Commodities Fund, the main strategy of high-profile oil hedge fund manager Pierre Andurand, surged 68 per cent last year – a strong return to form for the fund after suffering annual losses in recent years. See the complete profile on LinkedIn and discover Christian’s connections and jobs at similar companies. French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. ... LinkedIn . "Andurand Capital is led by Pierre Andurand, one of the world’s most renowned oil and energy traders, previously CIO of BlueGold Capital". The Andurand Commodities Discretionary Enhanced strategy rose a spectacular 154.1 per cent in the same period. Andurand Capital’s performance since February 2013 has earned it The Hedge Fund Journal’s CTA performance award for the discretionary commodity trading category. View Clement DOMINGO’S profile on LinkedIn, the world's largest professional community. Also learn how He earned most of networth at the age of 43 years old? Stitch together the BlueGold (+241% cumulative) and Andurand Capital (+105% cumulative) track records and you arrive at annualised returns of 35.7% and total returns of 600% between February 2008 and March 2015. Conversations today could lead to opportunity tomorrow. Track Latest News Live on NDTV.com. Class of 2000. youtube. Clement has 1 job listed on their profile. Last February, commodities trader Pierre Andurand was sitting at a dinner in London with some of the oil market’s biggest players. Dwyer expects it will hit 100 euros ($121) per metric ton of carbon emissions, possibly as soon as later this year, from about 33 euros now. twitter. Andurance Ventures LLP | 186 followers on LinkedIn. Voir le profil de pierre andurand sur LinkedIn, le plus grand réseau professionnel mondial. Pierre Andurand was born on 1977-02- in Aix-en-Provence, France, is a French businessman. 8 Décembre 2017 Vous avez créé votre fond très jeune après avoir fait vos armes à Goldman Sachs. As financial markets went haywire, energy commodities took a brutal leg down when a price war broke out within the Organization of the Petroleum Exporting Countries, as Saudi Arabia challenged Russia by flooding the market with oil. There are 5 professionals named "Pierre Andurand", who use LinkedIn to exchange information, ideas, and opportunities. Stitch together the BlueGold (+241% cumulative) and Andurand Capital (+105% cumulative) track records and you arrive at annualised returns of 35.7% and total returns of 600% between February 2008 and March 2015. Consultez le profil professionnel de Pierre Andurand sur LinkedIn. View the profiles of professionals named "Pierre _" on LinkedIn. For weeks, Andurand, a French-born mathematician with a masters degree in mathematical and theoretical physics from Oxford University, had been applying his rigorous analysis of data—normally used to spot trends in financial markets—to Covid studies published in journals like The Lancet and the New England Journal of Medicine. Help Pierre end the water crisis by donating or joining our monthly giving community, The Spring, for as low as $5/month. Annonces légales. He was the top oil trader in the company. Andurand had previously correctly forecast that oil prices would strike a record peak of $147 per barrel in 2008. Share to Linkedin; With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. View Véronique Belaen’s profile on LinkedIn, the world’s largest professional community. “Russia and most of the OPEC members were oblivious to [Covid] as well,” reflects Andurand, “They didn't realize the impact on demand.”. Andurand Capital’s performance since February 2013 has earned it The Hedge Fund Journal’s CTA performance award for the discretionary commodity trading category. Help Pierre end the water crisis by donating or joining our monthly giving community, The Spring, for as low as $5/month. View the profiles of professionals named "Pierre Andurand" on LinkedIn. But just be careful out there.". The Andurand Commodities Fund, the main strategy of high-profile oil hedge fund manager Pierre Andurand, surged 68 per cent last year – a strong return to form for the fund after suffering annual losses in recent years.