Oil Hedge Fund Manager, Citigroup Commodity Expert, Accurately Called Oil Slide

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…