(Forbes) With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. Andurand waited for bearish sentiment to subside and went long oil for periods of 2016, driving one of the hedge fund industry’s best returns.
Andurand’s London-based hedge fund, Andurand Capital Management, returned 22% in 2016, according to a person familiar with the matter, trouncing the average hedge fund manager.
