Pierre Andurand’s Hedge Fund Soared 20% by Mid-Month on Oil Bets

Oil trader Pierre Andurand’s main hedge fund surged 20% in the first half of the month on bullish oil bets as the conflict in the Middle East triggered a supply shock.

Those gains helped bring the Andurand Commodities Discretionary Enhanced fund’s advance for this year through March 13 to 19%, people with knowledge of the matter said, asking not to be identified discussing private information.