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Commodities rally fuels 162% uplift for Andurand’s largest hedge fund

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The Andurand Commodities Discretionary Enhanced Fund – commodities trader Pierre Andurand’s largest hedge fund at around $1 billion in managed assets – is up 162% so far this year, according to a report by Bloomberg.

The bumper gain comes on the back of an impressive 82% return in 2021.

Andurand’s older $750 million Commodities Fund meanwhile, is up 41.5% so far in 2022, while the newerAndurand Climate and Energy Transition Fund, which launched last summer, is up 14%.

The Bloomberg Commodity Spot Index, by comparison, has notched up a gain of 30% so far this year.

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