BlueGold Hedge Fund to Liquidate, Return Money to Clients
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BlueGold Capital Management LLP, the $1 billion energy hedge fund co-founded by Pierre Andurand, is liquidating after losing 34 percent last year.
The London-based fund will return about 98 percent of investors’ money after calculating asset values this month, Andurand, 35, and co-founder Dennis Crema said today in a letter to clients, a copy of which was obtained by Bloomberg News. The firm didn’t give a reason for closing.