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Andurand Capital Management
Andurand Capital Management is led by Pierre Andurand, a prominent oil and energy trader. The firm focuses on fundamental commodity strategies, the oil and...
Andurand Capital Management
Andurand Capital Management is led by Pierre Andurand, a prominent oil and energy trader. The firm focuses on fundamental commodity strategies, the oil and energy complex, and the transition to a net-zero economy. It operates as a group of companies with a presence in the United Kingdom and Dubai.
General information
Firm type
Commodity Hedge Fund
Year founded
2008
AUM
$1.4 billion (per Bloomberg, 2023)
Location
Region
Europe
Country
United Kingdom
City
St. Julian'S
Corporate office
London, United Kingdom
Principals
Pierre Andurand
Founder and Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Andurand Capital Management?
Pierre Andurand, founder and CIO, makes all significant investment decisions personally. He is the sole portfolio manager and has no co-CIO or deputy investment chief disclosed. The firm operates as a single-manager shop.
How does Andurand Capital source proprietary insights?
Andurand relies on fundamental supply-demand analysis of global oil markets, using in-house models and network access from his Vitol days. He also leverages public data from OPEC, IEA, and shipping flows. The firm does not engage in systematic quant strategies.
Is Andurand Capital structured as a single family office or a hedge fund?
It is a registered hedge fund manager, not a family office. Andurand himself is not a family-office principal per se — his wealth derives from trading, and the firm manages external capital from institutional and high-net-worth investors.
What investment stages does Andurand Capital target?
Andurand is a macro directional trader, not a stage-based investor. He takes long positions in commodity futures and options based on medium-term price dislocations, typically holding positions from weeks to quarters.
Which sectors does Andurand Capital explicitly avoid?
The firm avoids equities, credit, currencies, and real assets outside commodities. Andurand has stated he does not invest in tech stocks or private markets — he is exclusively focused on liquid commodity derivatives.
Does Andurand Capital participate in fund commitments or only direct trades?
It is a hedge fund vehicle, so allocators commit capital to the fund for direct commodity trading. Andurand does not offer commingled private-equity-style funds or co-investment SPVs. All positions are exchange-traded futures and options.
What is Andurand Capital's known posture on co-investments alongside external GPs?
The firm does not engage in co-investments. Its model is purely liquid commodity trading, not private equity or venture capital. Co-investment structures would be inconsistent with its mandate.
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