(Bloomberg)Commodities hedge fund manager Pierre Andurand closed his firm’s New York office after a tough trading year in 2018, instead focusing the business on his offices in London and Malta, according to people familiar with the matter. Andurand Capital LP, led by the eponymous trader famous for his bullish oil calls, has seen some portfolio managers and staff leave the firm recently, the same people said, asking not to be named discussing private information. The New York office, which opened in late 2017 and had just a few employees, was closed in November, another person said, adding that the hedge fund’s plan was always to reevaluate the need for an American base after one year.
Andurand Hedge Fund Closes New York Office, Loses Traders
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