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UPDATE 1-Pierre Andurand's commodities fund down in Q1
April 12, 2017 / 11:40 AM / 7 months ago

UPDATE 1-Pierre Andurand's commodities fund down in Q1

* Brent crude price performance (Adds April performance, Brent crude price)

LONDON, April 12 (Reuters) - The $1.53 billion Andurand Commodities Fund run by asset manager Pierre Andurand lost 11.6 percent in the first quarter of the year, a document prepared by a bank seen by Reuters showed.

Losses widened from 8.5 percent in the first two months of 2017, it showed.

However, losses had narrowed to 9.8 percent by April 7, a source close to the fund told Reuters.

The fund, which delivered gains of 22 percent in 2016, focuses on energy as well as metals, other commodities and currencies.

Brent crude futures are up 7.2 percent this month, reversing all of March’s losses.

Reporting by Maiya Keidan; additional reporting by Lawrence Delevingne and Amanda Cooper; editing by Louise Heavens and Jason Neely

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