The document provides biographical information about Pierre Andurand, a French businessman and hedge fund manager who specializes in oil market trading. It details his educational background and career path, including roles at Goldman Sachs, Bank of America, Vitol, and his founding of the hedge funds BlueGold Capital and Andurand Capital. It notes his success in generating high returns for investors in 2008 and his ownership of the Glory World Series kickboxing league.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
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versus that of others, but by your own needs.”
Law Updates:
 Version of LLP Form 4-4A & Form 11 are going to be changed
w.e.f. 08th
March, 2016. Stakeholders are requested to plan
accordingly.
 Government of India has vide its Notification F.No. 4(19)-
W&M/2014 dated March 04, 2016 announced that the Sovereign
Gold Bonds, 2016 will be open for subscription from March 8, 2016
to March 14, 2016.
 SEBI has issued fresh FAQs on the SEBI (Share Based Employee
Benefits) Regulations, 2014.
 The Central Government has nominated Shri Natarajan
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Mankad as directors on the Central Board of Directors of the
Reserve Bank of India for a period of four years with effect from
March 4, 2016.
PROFESSIONALS INPUTS:
 CBDT vide Notification No. 13 /2016 dated 03rd
March, 2016 has
notified the Income-tax (4th Amendment) Rules, 2016. It will be
effective from 01st
April, 2016.
 Extended period can be invoked if assessee does not pay service tax
despite directions of department: CESTAT- Mumbai.
 CCI vide Notification dated 04th
March, 2016 doubles the limit of
'value of assets' and 'value of turnover' for determing 'combination'
of entities.
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Date: 07th
March, 2016

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Pierre Andurand
French Businessman and Hedge Fund manager
Pierre Andurand (born February 1977, Aix en Provence, France) is a French
businessman and hedge fund manager, specialising in the oil market.
In 2008 Forbes Magazine placed him in its list of the top 20 highest-earning hedge-fund
managers. As of 2012, he is also the Chairman and majority shareholder of Glory Sports
International, the parent company of the Glory World Series international kickboxing
league.
Early Life and Education
Andurand was born in the French city of Aix en Provence. At eight years old, he moved with his family to the French
island of Reunion, off the African coast. He spent six years there before returning to Aix en Provence. At the age of
seventeen he moved to the city of Toulouse to attend the Institut National des Sciences Appliques (National Institute of
Applied Sciences) At INSA he achieved an Msc in Applied Mathematics before moving to École des Hautes Études
Commerciales de Paris (HEC School of Management in Paris), where he achieved an MSc. in International Finance.
A keen swimmer in his youth, Andurand was a member of the French National Junior Swimming Team in 1993 and 1994.
Career
After graduation Andurand was recruited by Goldman Sachs to work as an oil trader at Sachs' commodities trading unit in
Singapore.
After Goldman Sachs he joined Bank of America Singapore as a Principal in oil trading. He then joined Vitol in Singapore
as a trading manager. Privately owned Vitol is the world’s largest oil trading company, shipping in excess of 200 million
tons of crude oil per year. Andurand then moved to London in 2004 and was made a partner. He was rumoured to be one of
the most successful traders in the company, earning him a bonus payment of $20 million at the end of one particularly
successful year's trading.
Bluegold Capital
In October 2007, Andurand co-founded the hedge-fund investment group BlueGold. He was the majority shareholder and
Chief Investment Officer at BlueGold. The BlueGold Global Fund was then launched in February 2008 with $300 million
assets under management. In June of that year, its returns were described by the New York Post as being of "eye-popping"
and "monstrous" proportions. Its peak in Assets Under Management reached $2.4 billion. Performance was 210% in 2008,
55% in 2009, 13% in 2010, and -34% in 2011. BlueGold was closed in April 2012, returning close to 99% of its assets
under management within a month, after the founders decided to go their separate ways.
Andurand Capital
In February 2013, Pierre Andurand launched a new hedge fund: Andurand Capital. As of September 2015, Andurand’s
performance for the year was reported by The Financial Times to be 10.3% (before fees). Andurand Capital manages
$575m as of Sep 2015, an increase of nearly 50% since January 2015, driven by new investor cash and positive returns.
In 2013, the Andurand Commodities Fund finished the year as one of the best performing commodities hedge funds with a
25% return.[11] In 2014, it generated a 38% return net of all fees by correctly forecasting the sharp decline in crude oil
prices. The fund achieved a return of 47% for investors who transferred their money from BlueGold, whose investments
are now back above the previous fund’s high water mark, which was honoured by Andurand Capital.[.
Glory World Series
A martial arts fan, Andurand turned to kickboxing as a means to keep fit while working as an oil trader. He formed Glory
World Series after rival series K-1 ran into financial difficulties and refused Andurand's offer of a buy-out.