Andurand’s Hedge Fund Surges 50% Amid Commodities Boom

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Andurand, who told clients that August’s gains were due almost entirely to his exposure to emissions, didn’t break out last month’s jump. He said he remains bullish on European gas, carbon and German power markets and predicted higher oil prices fueled by shrinking inventories, strong OPEC+ compliance, muted supply response from U.S. shale producers and unexpected demand rise sparked by gas shortage.