Bluegold and Clive post great '08 returns

Discussion in 'Wall St. News' started by ogarbitrage, Dec 30, 2008.


    The biggest-ever decline in commodities turned Pierre Andurand and Chris Levett into this year’s heroes for investors.

    Andurand’s $1.1 billion BlueGold Capital Management LLP hedge fund in London almost tripled between its February debut and November by betting on higher oil prices in the first half of 2008 and then reversing the strategy, the 31-year-old manager said. Levett’s $3 billion London-based Clive Capital LLP returned 44 percent in the first 11 months of the year.