Rollercoaster London hedge fund seeks new passenger
If you’re looking for an interesting finance job, it’s hard to beat a hedge fund. And if you’re looking for an interesting hedge fund job, it’s hard to beat Andurand Capital Management. Unusually, it's hiring.
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Andurand is looking for a new analyst. You need 3 to 5 years research or investing experience at a bank, investment fund, or research platform. A graduate degree and/or CFA distinction is preferred. The role pays “commensurately” with “an analyst role at a Europe based hedge fund.”
Working with Andurand (Pierre, that is) might lead to some interesting stories. His career began as an oil trader in Singapore across Goldman Sachs, Bank of America, and Vitol; he left the latter to launch his own commodities trading fund, BlueGold, with some partners in 2007. BlueGold dissolved in 2012 and, a few months later, Andurand launched Andurand (Capital Management). Aside from the career, Andurand also found time to acquire seven separate master’s degrees in astrophysics, engineering, and “international strategy”.
Based in London and Malta, Andurand Capital Management is a remarkable little hedge fund. It has a reputation for wild gains and losses – Bloomberg reported that, since 2018, it has posted gains of up to 154% and losses of up to 55%, depending on the year. From “it’s so over” to “we’re so back” within months. It’s down 37% so far this year. YOLO.
Despite that - as one might fear, given the boringness of the description, and despite the scale of its gains and losses, hiring at Andurand is actually rather conservative. The fund has a few dozen employees spread across London and Malta.
London-based people, of which there are 23, according to the fund’s companies house disclosures (for the year ending December 2023), earned salaries of $118k and bonuses of $116k on average ($234k total compensation). The year before that, ending December 2022, a total of 20 people earned salaries of $123k and bonuses of $120k on average ($243k total compensation).
As far as new faces go, 2024 was a pretty slow year for the firm. It lost a gas and power analyst in London to Tudor; another analyst in the city went to Schonfeld. It added a natural gas analyst in turn, courtesy of Bloomberg. No mass firings, no tripling in headcount. Rather boring, given expectations.
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