Andrew Hall (hedge fund manager)
{{Short description|English hedge fund manager}}
{{Other people|Andrew Hall}}
{{Use dmy dates|date=April 2022}}
{{Use British English |date= October 2024}}
{{Infobox person
| name = Andrew Hall
| birth_place = Feltham
| birth_name = Andrew John Hall
| other_names =
| occupation = Hedge fund manager
| years_active =
| known_for =
| alma_mater = Hampton Grammar School, Oxford University
}}
Andrew Hall is an English hedge fund manager who served as the head of commodities trading firm Phibro and the head of his own hedge fund Astenbeck Capital.[https://www.wsj.com/articles/SB10001424052748704227304575327252693597316?KEYWORDS=andrew+hall Commodities Star Absorbs Loss] Wall Street Journal, June 25, 2010 In 2019, the Financial Times described him as the "most successful oil trader of his generation."David Sheppard (April 5, 2019), [https://www.ft.com/content/9b924fda-56b1-11e9-91f9-b6515a54c5b1 The $100m oil trader Andy Hall finally sticks his oar in] Financial Times
Early life and education
Hall was brought up in Feltham and educated at Hampton Grammar School.The Lion, Hampton Grammar School Magazine (Autumn Term 1968) pp 52-7 He has an MA in chemistry from Oxford University and an MBA from INSEAD.
Career
Upon graduation from Oxford in 1973, Hall joined BP where he worked in various posts, the last as Vice President of BP North America Trading in New York.
Hall left BP and joined Phibro Energy in 1982.Gregory Meyer (February 2, 2015), [https://www.ft.com/content/92f86602-a7f1-11e4-be63-00144feab7de Rise and fall of a commodities powerhouse] Financial Times After Hall took charge of Phibro’s energy unit in 1991, the company shifted away from moving physical cargoes and into trading paper derivatives. Hall joined the Board of Directors of Salomon Inc., the parent company of Phibro in 1991. He later became CEO of Phibro in 1992.{{cite news |last1=Sider |first1=Alison |last2=Copeland |first2=Rob |title=Oil Trader Andrew Hall Is Closing His Astenbeck Hedge Fund |url=https://www.wsj.com/articles/oil-trader-andrew-hall-is-closing-his-astenbeck-hedge-fund-1501776384 |work=Wall Street Journal |date=3 August 2017}}
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.[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5908047/Citi-trader-Andrew-Hall-fights-for-100m-bonus.html Citi trader Andrew Hall fights for $100m bonus] The Daily Telegraph July 25, 2009 Citigroup sold Phibro to Los Angeles based Occidental Capital for $370 million, in part due to the pay controversy.[https://www.wsj.com/articles/SB124848894204180877 Citi in $100 Million Pay Clash] Wall Street Journal, July 25, 2009 Hall earned about $100 million in 2008. Also in 2008, while still at Citigroup, he launched Astenbeck Capital Management, a hedge fund which raised more than $3.0 billion.[http://www.businessweek.com/news/2010-06-22/ex-citigroup-trader-hall-raises-1-billion-for-commodities-fund.html "Ex-Citigroup Trader Hall Raises $1 Billion for Commodities Fund] {{webarchive |url=https://web.archive.org/web/20100626010830/http://www.businessweek.com/news/2010-06-22/ex-citigroup-trader-hall-raises-1-billion-for-commodities-fund.html |date=June 26, 2010 }} Bloomberg Businessweek June 22, 2010
In 2017, Hall announced the closing of Astenbeck Capital Management's main fund.Alison Sider and Rob Copeland (August 3, 2017), [https://www.wsj.com/articles/oil-trader-andrew-hall-is-closing-his-astenbeck-hedge-fund-1501776384 Oil Trader Andrew Hall Is Closing His Astenbeck Hedge Fund] Wall Street Journal.
Art collection
Andrew Hall and his wife Christine are art collectors.[http://www.hallartfoundation.org/about/mission "About the Hall Art Foundation"] Hall Art Foundation, June 2, 2015 In 2007, he and his wife Christine Hall founded The Hall Art Foundation, whose mission is to make available postwar and contemporary art works from its own collection and that of the Hall family for the enjoyment and education of the public.{{Cite web|url=https://www.ft.com/content/9408cb02-3f9a-11e7-82b6-896b95f30f58|title=Art collectors who turn obstacles into opportunities|website=www.ft.com}} The Hall Art Foundation operates two museum spaces in Derneburg, near Hannover, Germany{{Cite web|url=https://www.architecturaldigest.com/story/step-inside-the-hall-art-foundations-new-home|title=Step Inside the Hall Art Foundation's New Home|first=Stephen|last=Wallis|date=17 October 2017|website=Architectural Digest}} and in Reading, Vermont.{{Cite web|url=https://www.bostonglobe.com/arts/theater-art/2014/05/15/olafur-eliasson-brings-visitors-new-hall-art-foundation-back-nature/Djj5iIrTGZdFk9wBY1nOtO/story.html|title=Olafur Eliasson brings the Hall Art Foundation back to nature|website=Boston Globe}} The Hall Art Foundation also has an exhibition partnership with the Massachusetts Museum of Contemporary Art, in North Adams, Massachusetts{{Cite web|url=https://www.ft.com/content/a45a0f22-475b-11e5-af2f-4d6e0e5eda22|title=Massachusetts Museum of Contemporary Art, North Adams, Massachusetts|website=Financial Times}} and collaborates with other public institutions around the world to organise exhibitions and facilitate loans from its own collection and that of the Halls.
References
{{reflist}}
External links
- [http://nymag.com/daily/intel/2009/04/citigroup_andrew_hall_needs_a.html "Citigroup’s Andrew Hall Has Castle, Demands Bonus,"] New York, April 29, 2009
- [http://content.time.com/time/business/article/0,8599,1930732,00.html "How Citi's Andrew Hall Made $100 Million Last Year,"] Time, October 19, 2009
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{{DEFAULTSORT:Hall, Andrew}}
Category:Alumni of the University of Oxford
Category:British hedge fund managers
Category:British stock traders
Category:British art collectors