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

June 22nd, 2010
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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

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