Andy Hall

Andy Hall built his reputation over decades as one of the most consistently profitable oil traders in the world. He ran Phibro LLC, Citigroup's commodities trading subsidiary, which he grew into one of the most profitable units of the bank. His annual compensation — often reported at $100 million or more — drew significant public attention during the financial crisis when Citigroup was receiving government bailout money. Citigroup sold Phibro to Occidental Petroleum in 2009 partly due to this political pressure. Hall then founded Astenbeck Capital Management, a Connecticut-based hedge fund focused on energy commodities. He was known for his willingness to take large, concentrated positions based on macro energy supply and demand analysis, and for maintaining positions through significant volatility. He closed Astenbeck in 2017 after significant losses as oil markets moved against his positions.