(Bloomberg) Pierre Andurand, one of the most bullish oil hedge fund managers, gained 2.2 percent last year after a strong December performance allowed his eponymous fund to recover from months of losses, according to people familiar with the matter. The oil-focused Andurand Capital Management LLP’s gain transpired as the price of global benchmark Brent crude ended the year up 18 percent, while its U.S. counterpart closed out 2017 with a 12 percent gain. Both Brent and West Texas Intermediate rallied just over 5 percent in December.
Andurand Fund Is Said to Eke Out 2017 Gain Amid Late Oil Rally
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