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(Bloomberg) Now isn’t the time to be betting on a boom in the market for carbon credits, according to the head of climate research at commodities hedge fund firm Andurand Capital Management.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeTrump Has Only $6.8 M ....
Following a three-year Midas Touch streak, oil trader Pierre Andurand’s main hedge fund has lost 54% so far this year, and is set to rack up more losses before the year’s end, making this the worst 12 months for the fund in its history ....