May 5, 2017 / 1:16 PM / 4 months ago

Hedge fund Andurand Capital liquidates oil long positions -source

LONDON, May 5 (Reuters) - Pierre Andurand, who runs one of the biggest hedge funds specialising in oil, liquidated the fund's last long positions in oil last week and is running a very reduced risk at the moment, a market source familiar with the development said.

The fund, Andurand Capital is a renowned oil price bull and has been reducing its positions gradually over the course of 2017, the source said, while adding that it remained fundamentally bullish on oil. (Reporting by Dmitry Zhdannikov; editing by Alexander Smith)

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