Andrew Hall raises over $1 billion for Astenbeck Offshore Commodities Fund

June 22nd, 2010
| More
Andrew Hall, the former Citigroup trader infamous for the $100 million bonus he received last year, has raised $1.08 billion for his new hedge fund, the Astenbeck Offshore Commodities Fund II Ltd. Until last year, Hall was the head of Phibro LLC, Citigroup’s energy trading business. According to Reuters, his latest venture will be based in Westport, Connecticut and has raised money from 37 investors.

Astenbeck Capital Management was founded this year by Mr. Hall, who owns 80% of the firm.
For Detailed Investor Profiles on these Investors, click below:
Astenbeck Capital Management
Phibro LLC
Related People: Andrew Hall; Andrew Hall
Related Entities: Astenbeck Holdings LLC; Citigroup*; Occidental Petroleum Corporation; Phibro Commodoties Fund*; Phibro LLC; Phibro Oil Fund*; Astenbeck Capital Management; Astenbeck Commodities Fund II LP; Citigroup*; Occidental Petroleum Corporation (NYSE: OXY); Phibro Commodities Fund; Phibro Oil Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings


More Recent Headlines

Schroders plc acquires 49% stake in RWC Partners

Seth Klarman’s Baupost Group doubles assets during financial turmoil

Relational Investors and Ares Management to reduce Fees for CalPERS

Andrew McGrath's Burren Capital launches with $500 million

Zachary Karabell's River Twice Capital launches flagship hedge fund

Jim Chanos’ Kynikos Associates is shorting a Major Oil Company

Hedge Fund Hiring Report: Moore Capital, Flintlock Capital, Millennium Management, Breeden Capital +

Following the GLG Partners Acquisition, Man Group will set its sights on Asia Pacific hedge funds

EFX Prime Services strengthens team with additions from Goldman Sachs and Grace Financial

SAC Capital launches Parameter Capital Management