Aug
03
The Oil Trader Known as ‘God’ Is Closing Down His Main Hedge Fund
By-
Renowned investor Andy Hall is said to close Astenbeck fund
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His wrong-way bet on crude prices led to losses this year
Andy Hall, the oil trader sometimes known in markets as “God,” is closing down his main hedge fund after big losses in the first half of the year, according to people with knowledge of the matter.
The capitulation of one of the best-known figures in the commodities industry comes after muted oil prices wrong-footed traders from Goldman Sachs Group Inc. to BP Plc’s in-house trading unit. Hall’s flagship Astenbeck Master Commodities Fund II lost almost 30 percent through June, a separate person with knowledge of the matter said, asking not to be identified because the details are private…
The Oil Trader Known as ‘God’ Is Closing Down His Main Hedge Fund
