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Andurand’s Flagship Fund Jumps 20% in Early March on Oil Surge

Summary by Hedgeweek
Pierre Andurand’s flagship hedge fund, Andurand Commodities Discretionary Enhanced, surged roughly 20% in the first half of March, fuelled by bullish positions on crude oil amid heightened Middle East tensions, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as saying the the performance lifted the fund’s year-to-date return through 13 March to around 19%. The firm reportedly declined to comment. The…

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International oil prices fluctuated significantly as the conflict with Iran stood on the verge of escalating into a global "energy war," marked by Israel's attacks on Iranian energy facilities. In particular, prices surged to $119 per barrel, fueling inflation concerns. However, in the afternoon, international oil prices stabilized as President Donald Trump stated he would not deploy ground troops to Iran, and Israeli Prime Minister Benjamin Net…

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Brent crude for May delivery closed up 1.18%, while WTI crude for April delivery fell 0.19%.

·Brazil
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The commercial dollar closed down 0.58% this Thursday (March 19, 2026), quoted at R$ 5.215. The Ibovespa, the main indicator of the B3 (Brazilian stock exchange), rose 0.35%, to 180,270.62 points. Assets improved in the final stretch of the session with the slowdown in oil prices, which moved away from intraday highs. Brent crude closed up 1.18%, at US$ 108.65 a barrel, after reaching US$ 119.13 during the early morning. At 5:10 PM, already in a…

The "yo-yo effect" also hit the bond market, where Treasury bond yields jumped in the morning along with the price of oil, and then declined.

·Podgorica, Montenegro
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Mish Talk - Global Economic Trend Analysis broke the news in on Thursday, March 19, 2026.
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