"Famed oil trader Pierre Andurand is emerging as one of the biggest hedge fund losers this year after the banking crisis sent shock waves through commodities markets.
"His main Andurand Commodities Discretionary Enhanced Fund has slumped about 40% so far this year, according to people with knowledge of the matter. Most of the losses have occurred in March, with the fund declining 23% this month through Friday, one of the people said, asking not to be identified because the details are private.
"A spokesperson for Andurand Capital Management, which manages a total of $1.4 billion, declined to comment."
- Source:Bloomberg.
BRS produced a 1173% return over the same period. Though April 12, 2023 since inception in June 23, 2022, the BRS return on net capital employed has been 1354%.
All BRS data is from broherge statements. BRS compiled a spreadsheet with calcluations.