The Oil Trader Known as ‘God’ Is Closing Down His Main Hedge Fund
- Renowned investor Andy Hall is said to close Astenbeck fund
- 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. Bloomberg's Alex Nussbaum has more on 'Bloomberg Markets.' (Source: Bloomberg)
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If an oil trader so good that he was known as “God” can’t win in today’s markets, it’s hard to imagine who can.
Andy Hall 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. His 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.