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Pierre Andurand

Chief Investment Officer

Andurand Capital

Attard, MT

Pierre Andurand

Sackville Capital

ReputationDefender

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. READ MORE VIEW LESS

Pierre Andurand’s Newsfeed

Financial Times

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

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Bloomberg

Famed Oil Trader Andurand Bet on Cocoa Just Before Price Surge

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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

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.

Vitol

Partner - Oil and Derivatives

Sep 2003 - Apr 2007

Singapore, SG

Vitol is a market leader in the energy sector – from oil to renewables and carbon – and one of the biggest independent energy companies in the world. Its global operations are backed by market-leading analytics.

Bank of America

Principal of Oil Trading

Feb 2002 - Jun 2003

Singapore, SG

Bank of America is one of the world's major financial organisations, offering a comprehensive range of banking, investment and asset management services and other financial and risk management products to individuals, small and middle-market enterprises and large corporations. Pierre served as Vice President then Principal of Oil Trading in Singapore.

Goldman Sachs (Singapore) Pte

Energy Trader

Jun 2000 - Feb 2002

Singapore, SG

Goldman Sachs is a multinational finance firm providing global investment banking, investment management, securities and other financial services. Pierre's focus as an Energy Trader was on middle distillate oil derivatives.

Fédération Française de Natation

French Junior National Team

Mar 1993 - Feb 1996

Paris, FR

Fédération Française de Natation represents all Olympic swimming disciplines (racing, synchronised, water polo, diving, and open water).

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Pierre Andurand’s Gallery

Other Business Interests

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.

Pierre Andurand Sets His Sights On Clean Energy

Profile

Feb 2021

London, UK

Pierre is profiled by Forbes following his success in predicting oil and energy supply and demand at the start of the COVID-19 pandemic.

Crude Collapse Hands Payday to Oil Trader Pierre Andurand

Profile

Jan 2021

London, UK

The COVID-19 pandemic provided an advantage for traders, particularly in the energy industry.

The fall and rise of Pierre Andurand

Profile

May 2020

London, UK

Pierre was quick to realise that the COVID-19 outbreak in China at the end of 2019 could potentially upend oil markets – leading to big gains for the funds he manages.

Pierre Andurand cleans up in crude’s historic crash

Profile

Apr 2020

London, UK

Pierre believes that slowdowns caused by COVID-19 will severely impact on logistics related to the oil market.

Tomorrow’s Titans Revisited: Andurand

Quoted

Jan 2018

London, UK

The long-term goal of Andurand Capital Management has been to establish an energy asset manager that covers a variety of asset classes, including alternative, renewable, and fossil fuel-based energy. Pierre is profiled for his aggressive stance toward trading derivatives.

Energy trader extraordinaire

Profile

May 2015

London, UK

Pierre is profiled by The Hedge Fund Journal following his many successes as an energy trader across Europe.

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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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Thought Leadership

Cocoa market on the brink of big price surge

Author

Dec 2024

London, UK

Pierre Andurand examines the reasons for an expected rise in cocoa bean prices. Prices peaked at $12,000 per ton in 2024, and prices are expected to rise again due to a structural supply-demand deficit, a situation exacerbated by poor harvests in Ivory Coast and Ghana, compounded by adverse weather patterns and structural issues like new deforestation laws and global fertilizer shortages.

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.

Publications

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.

MIT xPRO

Quantum Algorithms for Cybersecurity, Chemistry, and Optimization

Dec 2020

Boston, MA, USA

MIT xPRO offers professional online courses that set the benchmark for knowledge and abilities, resulting in efficient employee communication and uniformity.

MIT - Massachusetts Institute of Technology

Introduction to Quantum Computing

Nov 2020

Boston, MA, USA

Pierre has completed and received certification in the following courses: Quantum Mechanics: Wavefunctions, Operators and Expectation Values; Quantum Physics in 1D Potentials; Quantum Mechanics: 1D Scattering and Central Potentials; Introduction to Quantum Computing.

The University of Edinburgh

Climate Change: Carbon Capture and Storage

Oct 2020

Edinburgh, UK

Founded in 1583, The University of Edinburgh provides students with world-class education, helping unlock the potential of some of the world's leading minds.

The University of Queensland

Denial101x: Making Sense of Climate Science Denial

Oct 2020

Brisbane, AU

The University of Queensland is one of Australia's top research and teaching institutions dedicated to delivering knowledge leadership for a better world.

CQF Institute

Certificate in Quantitative Finance

2020

London, UK

The Certificate in Quantitative Finance is granted by the CQF Institute, which also offers a forum for the global development of the quantitative finance community. The Institute arranges key industry events and provides its members with exclusive access to instructional content.

Columbia University

Applied Data Science

Nov 2019

New York, NY, USA

Columbia University is one of the world's most prominent research institutions. It provides a unique and outstanding learning environment for undergraduate and graduate students in a wide range of scientific and professional subjects.

UC San Diego

Probability and Statistics in Data Science using Python

Aug 2019

San Diego, CA, USA

The University of California, San Diego, is one of the world's major public research universities. A mission of collaboration fosters discoveries that benefit society and the economy.

The University of Cambridge

Senior Management Program - Finance

2019

Cambridge, UK

The University of Cambridge, established in 1209, is one of the world's oldest universities. It is respected the world over for its extraordinary academic achievements.

The Johns Hopkins University

Regression Models

Sep 2017

Baltimore, MD, USA

Johns Hopkins University is the US' oldest research university. Pierre has completed several higher learning certificate courses related to data science and advanced technology, including Statistical Inference; Exploratory Data Analysis; and R Programming.

Coursera

Data Science in Real Life

Jul 2017

California City, CA, USA

Coursera Inc., launched in 2012, collaborates with universities and other organisations to provide online courses, certificates, and degrees in a wide range of areas.

Harvard Medical School - HMX Fundamentals

HMX Fundamentals, Biochemistry and Immunology

Boston, MA, USA

Courses in the HMX Fundamentals series cover fundamental subjects – like biochemistry, genetics, immunology, pharmacology and physiology – that are crucial for a range of vocations in the medical field.

Stanford University

Postgraduate Certificate – Genetics and Genomics

Stanford, CA, USA

The Stanford Genetics and Genomics Certificate programme provides a solid foundation in genetics, genomics and customised medicine.

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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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