The largest hedge fund in Australia sees a 162 % increase thanks to the commodities rise
By Matea Gucec
-According to a Bloomberg report, Pierre Andurand's largest hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which manages around $1 billion in assets, has increased by 162 % so far this year.
-The strong increase follows a stellar 82% return in 2021.
-While the more recent Andurand Climate and Energy Transition Fund, which debuted last summer, is up 14%, the older $750 million Commodities Fund is up 41.5% so far in 2022.
-In contrast, the Bloomberg Commodity Spot Index has increased by 30% so far this year.
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