Andrew Hall - Long Bet Oil Would Rise From $30 to $100
Andrew Hall is an English hedge fund manager who served as the head of commodities trading firm Phibro LLC and the head of his own hedge fund Astenbeck Capital. In 2019, the Financial Times described him as the "most successful oil trader of his generation.
As the head of a then subsidiary of Citigroup, Hall's compensation drew criticism about Wall Street pay in the aftermath of subprime-related bank bailouts. Citigroup sold Phibro LLC to Los Angeles-based Occidental Capital for $370 million, in part due to the pay controversy. Hall earned about $100 million in 2008. Also in 2018, while still at Citigroup, he launched Astenbeck Capital Management, a hedge fund which raised more than $3.0 billion. [1]
As the head of a then subsidiary of Citigroup, Hall's compensation drew criticism about Wall Street pay in the aftermath of subprime-related bank bailouts. Citigroup sold Phibro LLC to Los Angeles-based Occidental Capital for $370 million, in part due to the pay controversy. Hall earned about $100 million in 2008. Also in 2018, while still at Citigroup, he launched Astenbeck Capital Management, a hedge fund which raised more than $3.0 billion. [1]
