Oil Trader Pierre Andurand Made 6% Last Week in Chaotic Market

Pierre Andurand, best known for his high conviction bets on the oil market, made money last week as the war in Iran caused huge swings in commodities that caught many other hedge funds off guard.

The Andurand Commodities Discretionary Enhanced fund, which has no set risk limit, gained 6% last week, according to people with knowledge of the matter who asked not to be identified because the details are private.