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Andurand Pulls Back From Cocoa Misadventure After ‘Extreme’ Volatility Drives Losses

Markets

Will Mathis, Nishant Kumar

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August 2, 2025

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Bloomberg

Famed oil trader Pierre Andurand has pulled back from a bullish bet on cocoa after a series of mistimed trades led to deep losses, according to a letter sent to investors that was seen by Bloomberg.

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