(Bloomberg) -- Commodities trader Pierre Andurand extended his winning streak, with one of his hedge funds returning 109% in the year to date, according to a person with knowledge of the matter.
The stellar performance of the Andurand Commodities Discretionary Enhanced Fund follows annual gains of 87% in 2021 and 154% in 2020.
Commodities have soared this year, first as supplies struggled to catch up with the post-pandemic boom in demand, and then as Russia's invasion of Ukraine rattled markets from crude oil to wheat and aluminum.
The Financial Times first broke news of the fund's advance. A spokesman for Andurand Capital Management LLP, which has offices in London and Malta and manages about $1.6 billion, declined to comment.
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