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Former BlueGold Manager Launching New HF

Jan 22, 2013
Jing Chen

The co-founder of the now-defunct hedge fund firm BlueGold Capital Management has a new venture.

Reuters reported that Pierre Andurand’s new London-based firm, Andurand Capital Management, opened in July and will launch its first hedge fund next month. No additional details were disclosed.

BlueGold shut down last year after losing 34% in 2011, bringing its assets down to $1.2 billion from $2 billion the year before.

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