BlueGold Co-Founder Andurand Readies New Oil Hedge Fund

Jan 22 2013 | 2:16pm ET

BlueGold Capital Management co-founder Pierre Andurand has founded a new commodities hedge fund firm and will launch its maiden fund next month.

London-based Andurand Capital Management is already up-and-running with a managed account and 14 employees. Like BlueGold, the new firm will focus on oil. But Andurand Capital will do several things differently from BlueGold, which closed last year after losing 34% in 2011.


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