Category: Andurand
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Pierre Andurand ditches oil in favor of copper and cocoa
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Pierre Andurand Famed oil trader Pierre Andurand is out of the oil market, at least for now. His main fund lost about 50% last year on bad bets on crude oil, and he is nervous about the sector and now has a “mixed” outlook. “We will re-engage in oil markets…
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Copper prices to quadruple on soaring demand, top commodity trader Andurand says
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SimoneN/iStock via Getty Images Hedge fund manager Pierre Andurand, one of the world’s most famous commodities traders, believes that the rise in copper prices still has much further to go and could be close to… Four times as much as $40,000 per metric ton For the next few years, the…