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When oil prices retreat: it's much more difficult to generate consistent returns - Part 2

According to Bloomberg, Pierre Andurand - a well known and closely followed oil trader - had a rocky start in 2023.


During the first week of 2023, growing concerns about the risk of recession worldwide pushed oil prices below $74 a barrel in New York.


TerraManta perspective - early January 2016


For The Full Story, please read the original TerraManta blog post: When oil prices retreat: it's much more difficult to generate consistent returns.


Pierre Andurand's hedge fund surged 154% in 2020, 87% in 2021 and 59% in 2022. At one point in 2022, his fund was up as much as 160% but gave up a large part of the gains during the second half of the year.



Fast forward to present date


According to Bloomberg.


"Famed oil trader Pierre Andurand is emerging as one of the biggest hedge fund losers this year after the banking crisis sent shock waves through commodities markets.


"His main Andurand Commodities Discretionary Enhanced Fund has slumped about 40% so far this year, according to people with knowledge of the matter. Most of the losses have occurred in March, with the fund declining 23% this month through Friday, one of the people said, asking not to be identified because the details are private.


"A spokesperson for Andurand Capital Management, which manages a total of $1.4 billion, declined to comment".


TerraManta perspective - for the foreseeable future: more volatility


As TerraManta suggested in January 2023, it is (and will be) much more difficult to generate consistent returns


Most investors prefer to generate consistent returns while anticipating and taking advantage of market volatility in a much more predictable manner.


History tends to repeat itself and TerraManta machine learning platform always learned and never forgets.

TerraManta is the only company which uses machine learning to anticipate market behavior and forecast commodity prices without human biases. This bias-free approach drives our high conviction trading strategy.





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