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Analysis: Commodity hedge funds find money more scarce, pedigree pays

Chicago Tribune – Pierre Andurand, who managed $2 billion at his BlueGold oil hedge fund before it folded last year under heavy losses, is headlining a host of one-time commodity stars looking to make a comeback in a less merciful market.

Andurand began trading on Friday at a new $200 million hedge fund that he plans to expand to $500 million by the end of the first quarter and $1 billion eventually. But the 36-year-old Frenchman who tripled his investors’ money in his first year at BlueGold will have to face more wary investors this time.

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