The Marque The Marque

Pierre Andurand

Chief Investment Officer

Andurand Capital

Attard, MT


Pierre Andurand
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Pierre Andurand’s Biography

Pierre Andurand is a hedge fund manager specialising in energy trading. He is the Founder and CIO of Andurand Capital Management.

Andurand Capital manages discretionary fundamental hedge funds that specialise in energy financial instruments. The firm’s investment strategy aims to deliver highly asymmetric and convex returns through careful analysis of short, medium and long-term supply and demand balances.

The firm’s assets under management amount to around $2 billion across three funds. Pierre managed to capture most of the large structural moves in the oil market, and many of the large moves in natural gas, power, metals and carbon markets. His average net returns are over 35% annualised since 2008. Investors who have followed Pierre from his previous fund BlueGold, launched in 2008, and then invested in Andurand Capital Fund at its launch in February 2013, before switching to the Andurand Commodities Discretionary Enhanced Fund at its launch in June 2019, would have made 5,350% net of all fees as of 1st July 2022.

A leader in energy fund management and an outspoken advocate...
Pierre Andurand is a hedge fund manager specialising in energy trading. He is the Founder and CIO of Andurand Capital Management.

Andurand Capital manages discretionary fundamental hedge funds that specialise in energy financial instruments. The firm’s investment strategy aims to deliver highly asymmetric and convex returns through careful analysis of short, medium and long-term supply and demand balances.

The firm’s assets under management amount to around $2 billion across three funds. Pierre managed to capture most of the large structural moves in the oil market, and many of the large moves in natural gas, power, metals and carbon markets. His average net returns are over 35% annualised since 2008. Investors who have followed Pierre from his previous fund BlueGold, launched in 2008, and then invested in Andurand Capital Fund at its launch in February 2013, before switching to the Andurand Commodities Discretionary Enhanced Fund at its launch in June 2019, would have made 5,350% net of all fees as of 1st July 2022.

A leader in energy fund management and an outspoken advocate for climate action, Pierre launched a climate-focused fund in 2021 underpinned by his acknowledgement of the need for society to move towards a net-zero carbon future.

He started his career in 2000, trading energy for Goldman Sachs in Singapore, and then joined Bank of America, before joining Vitol as a partner in 2004, and subsequently founding his first hedge fund management company BlueGold.

He is a polymath and life-long learner, with five master’s degrees from prestigious universities in a broad range of areas. He is also a former athlete, having been a member of the French Junior Swimming Team in his youth, and a martial arts enthusiast, being the founder and majority shareholder in GLORY, the world’s leading kickboxing league.
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Pierre Andurand’s Newsfeed

Financial Times
Copper price to rocket to $40,000 a tonne, says top trader Andurand

Pierre Andurand believes the price of copper will almost quadruple to $40,000 a tonne in the next few years.

Bloomberg
Famed Oil Trader Andurand Bet on Cocoa Just Before Price Surge

Pierre Andurand’s hedge fund bet on higher cocoa prices ahead of a massive surge last month,

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Pierre Andurand’s Background

Andurand Capital
Chief Investment Officer
Feb 2013 - Present
Attard, MT
Andurand Capital Management LLP is a private fund management firm specialising in fundamental commodity strategies in the oil and energy sector.
 
BlueGold Capital Management logo BlueGold Capital Management logo
BlueGold Capital Management
Co-Founder and Chief Investment Officer
Feb 2008 - Apr 2012
London, UK
BlueGold Capital Management focused on overseeing hedge funds that concentrated on oil derivatives and energy-related commodities.
 
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Pierre Andurand’s Gallery

Other Business Interests

Glory Kickboxing logo Glory Kickboxing logo
Glory Kickboxing
Co-Founder and Chairman
Dec 2011 - Present
London, UK
GLORY, founded in 2012, is the global leader in stand-up fighting and home to the world's most skilled fighters. GLORY organises world-class combat events that reach millions of fans worldwide via a diverse range of channels.
 

Media

Pierre Andurand Says the World Could Run Out of Cocoa Inventories
Podcast
May 2024
In this episode of Odd Lots, a Bloomberg podcast, oil trader Pierre Andurand talks about how he entered the cocoa market, and how he formulated his investment thesis.
 
Andurand hires top environmental analyst in green fund push
Quoted
Jun 2021
London, UK
Pierre has hired an environmental analyst who he says will help "oversee the launch and growth" of Andurand's new green fund.
 
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Interviews

Pierre Andurand: "This energy crisis will last several years"
Newspaper Interview
May 2022
Paris, FR
The Co-Founder and Chief Investment Officer of Andurand Capital Management shares his opinion on the current soaring prices of petroleum with Le Figaro newspaper.
 
Pierre Andurand on How We Might Get $200 a Barrel Oil
Podcast Interview
Mar 2022
London, UK
How we may end up paying US$200 per barrel for crude oil by the end of the year and what this would signify for the world.
 
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Publications

How sanctions on Russian energy exports could work
Author
Mar 2022
London, UK
In this opinion piece for the Financial Times, Pierre shares his thoughts on how the West could potentially reduce Moscow's revenue while lessening the impact on the flow of oil.
 
Rising EU ETS emissions point to urgent need for a dynamic pricing paradigm
Co-Author
Jan 2022
London, UK
In this article, Pierre warns of the dangers in rising carbon emissions and the steps needed to limit them. He also discusses the global energy crisis and ever-increasing energy costs globally.
 

Specialist Courses

Harvard Business School Executive Education
Foundations of Private Equity and Venture Capital
2021
Boston, MA, USA
The course explores the fundamental obstacles and best practises for effectively raising a new fund or venture.
 
DeepLearning.AI
Basic Generative Adversarial Neural Networks
Dec 2020
London, UK
DeepLearning.AI was established in 2017 to meet the demand for world-class AI education. Pierre has completed numerous courses, including Build Basic Generative Adversarial Neural Networks; Deep Learning Specialization, Neural Networks and Deep Learning; and Sequence Models.
 
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Pierre Andurand’s Education

Columbia University
Master of Science - Computer Science and Machine Track Learning
2019 - 2021
University of Oxford
Master of Science - Theoretical and Mathematical Physics
2018 - 2019
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