Two of the world’s largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged by the most in two years, sources familiar with the matter told Reuters on Friday. BBL Commodities Value Fund, run by former Goldman Sachs oil trader Jonathan Goldberg, lost 14.2 percent in July, a person close to the firm said, speaking on condition of anonymity since the information is not public. Andurand Capital’s Commodities Fund lost 15.2 percent in July, bringing the fund’s performance to a 5 percent loss for the year through July 31, according to data compiled by HSBC. Pierre Andurand, who runs the $1.2-billion Andurand Commodities Fund, predicted the rise and subsequent crash in the […]