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23.04.26 - 18:39
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Andurand′s "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets (ZeroHedge)
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Andurand's "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets
Three weeks ago, when Bloomberg pointed out that Andurand was the best performing hedge fund in March thanks to its notorious levered long oil positioning (and really nothing else), we said they may want to refresh his exposure after the April 7 oil crash.
May want to F5 on Andurand after today's near record oil crash https://t.co/tlkgz3dXJa
— zerohedge (@zerohedge) April 8, 2026
Three weeks later, they did: according to a report published this morning, Pierre Andurand's largest "hedge fund" (and when it comes to Andurand, the word "hedging" is a catastrophic misnomer), plunged about 52% in the first half of April, wiping out all of its first quarter gains and then some made on bullish oil bets at the start of the Iran war.
His fund slumped this month through April 17 and is now down almost 37% for the year despite oil being substantially higher YTD. It comes after the Anduran...
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20.04.26 - 10:54
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Hedge Funds Get ′Gazumped′ in New Poaching Strategy (Bloomberg)
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The fight for talent in the hedge-fund industry has reached new extremes, with hedge funders using maneuvers like "gazumping" to grab more money for themselves, resulting in a vicious price spiral. Just how much gazumping is going on is unclear, but recruiters say some traders now are securing pay packages of $50 million or more. Clients end up footing the bill for these practices through opaque "passthrough" fees. Bloomberg's Tom Metcalf reports. (Source: Bloomberg)...
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