Thanks to investments in a range of metals, commodity trader Pierre Andurand's flagship hedge fund ended with a 40% drop in 2025, recovering most of the ground lost earlier in the year. According to a source familiar with the matter, Andurand's Andurand Commodities Discretionary Enhanced Fund fell by about 60% at one point in the middle of the year, but returns have rebounded due to the fund's investments in copper, silver, gold, tin, and carbon emission permits.

Thanks to investments in a range of metals, commodity trader Pierre Andurand's flagship hedge fund ended with a 40% drop in 2025, recovering most of the ground lost earlier in the year. According to a source familiar with the matter, Andurand's Andurand Commodities Discretionary Enhanced Fund fell by about 60% at one point in the middle of the year, but returns have rebounded due to the fund's investments in copper, silver, gold, tin, and carbon emission permits.