Andurand Hedge Fund Surges 31% in Q1 on Oil Market Volatility

Pierre Andurand's top fund delivered a 31.1% return in Q1 2026 as Middle East tensions drove oil prices higher. The fund's performance followed a volatile start to the year with a 4% January decline before rebounding sharply in February and March.

• Andurand Commodities Discretionary Enhanced fund gained 31.1% in Q1 2026
• Fund fell 4% in January before rebounding with 4.6% gain in February
• March saw the largest increase with a 30.6% jump
• Performance driven by Middle East-related supply disruptions impacting oil prices
• Fund's energy-focused strategy benefited from rising crude prices