Business Insider – So far the biggest loser of the commodities dump is BlueGold Capital Management. Pierre Andurand’s $2.4 billion fund lost 20% last week, or $500 million, according to the Wall Street Journal.
The losses are rough (his are the worst yet. Clive Capital lost $400 million.) but Andurand plans to ride it out. He is staying bullish on crude, predicting that oil will hit $180 per barrel.
