Thank god for collapsing oil, is what French hedge fund manager Pierre Andurand is likely saying right now. Andurand Capital, the $400 million energy fund run by its namesake, was generating middling returns until the last two months of the year, when oil went into freefall, a Reuters report from David Sheppard, citing unnamed sources. Citigroup commodity expert’s predictions for oil prices Andurand made a bold call in London at the Oil & Money conference. There, North Sea Brent trading near $85 per barrel, he said oil was headed to $50. Since that prediction his fortunes – and that of his hedge…
Oil Hedge Fund Manager, Citigroup Commodity Expert, Accurately Called Oil Slide
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.