Hedge Funds Returning To Oil Markets With Most Bullish Wagers

Back in June, we reported that legendary oil trader Pierre Andurand has seen his hedge fund suffer the worst ever loss after oil prices reversed course. Andurand’s main Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, lost more than half of its value in the first half of the year, a sharp contrast to the more than sevenfold return it recorded in the previous three years.  The fund, which Andurand runs with no set risk limits, suffered catastrophic losses after Andurand earlier this year predicted…