Wednesday, 24 August 2016
Last updated 17 hours ago
Feb 11 2013 | 11:57am ET
From swimming pools to pooled investments: Olympic gold medal-winning swimmer Clement Lefert has joined hedge fund Andurand Capital Management as an intern.
Pierre Andurand, founder of the oil and commodities hedge fund and a former member of the French junior national swim team, confirmed the addition of Lefert to Bloomberg.
Lefert will start as an analyst in May with the goal of becoming a trader, said Andurand.
The 25-year-old Lefert was part of the French 4X100 meter freestyle relay team that won gold at the London Summer Olympics. He as an economics degree of USC and a master of finance from the Ecole des Hautes Etudes Commerciales du Nord.
“The combination of sporting excellence and great academic performance show good potential to be a trader,” said Andurand.
Andurand closed BlueGold after it lost 34% in 2011. He has said his new firm, which began trading on February 1, will not invest in equities and will not see him sharing portfolio management duties as he did at BlueGold. In addition, Andurand Capital will use less leverage and hold smaller positions, and, at least initially, will have greater turnover than BlueGold.