Skip to main content

Plaudits For Oil Trader Who Got It Right This Time

Pierre Andurand still listening to himself, and finally getting good advice.
  • Author:
  • Updated:

The last time black gold got killed, Pierre Andurand’s hedge fund got killed with it.

He has apparently learned his lesson.

A day after oil prices plunged to a 13-year low in January, Pierre Andurand, a French hedge-fund manager who made millions betting against crude, started buying….

Despite investors’ widespread fears of a persistent crude glut, the price of international benchmark, Brent, has rallied close to 40% since Mr. Andurand’s call on Jan. 21.

And now that he has deigned to speak with you newspaper-reading peasants, allow him to return to the peace and serenity of his decision-making lair.

Mr. Andurand prefers to form such trading views in the silence of his own office—fitted with an ivory leather couch and floor-to-ceiling windows that look out onto luxury department store Harrods—by reading reams of analysis, rather than amid the chatter of peers. Guests enter the trading floor between two large fish tanks, designed to add a calming influence.

“I need to be really quiet,” he said. “In order to be an independent thinker, you should not speak to too many people.”

He also is the final decision maker on the fund. “I don’t need other people agreeing with the view,” he said, adding that the fund’s risk limits help protect against losses. “Sometimes it will be too late before everybody agrees.”

In Oil, a Trader Stands Out by Surviving [WSJ]


By EdJF [CC BY-SA 4.0 ], from Wikimedia Commons

Kickboxing Hedge Fund Manager Getting Pretty Annoyed At Those Driving Oil Prices Down

Presidents Trump and Xi, you wouldn’t like Pierre Andurand when he’s angry.


Radical Transparency Requires Ray Dalio To Say, For The First And Perhaps Only Time: ‘President Trump Is Right’

But at least he can have a good laugh about it and the impending collapse of society.

Hedge Funds Weeping In Their Tar Sands

The can't miss trade is...missing, pretty hard.


CME Either Got Ahead Of Negative Oil Or Caused It, Depending On Who You Ask

And one of them is asking the CFTC to sort the whole damned mishegas out.


Paul Singer’s Still Got It

The hedge fund game's most talented Shade Queen is in fine form.