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Andrew Hall: The Oil Trader Who Made Billions

1955: 

  • Andrew Hall is born in London, England.

1975: 

  • Hall graduates from the University of Cambridge with a degree in mathematics.

1976: 

  • Hall joins Shell Oil as a commodities trader.

1983: 

  • Hall joins Phibro Energy as a senior trader.

1993: 

  • Hall becomes the head of Phibro’s global oil trading business.

2008: 

  • Hall’s bonus at Phibro is $100 million, making him one of the highest-paid traders on Wall Street.

2009: 

  • Citigroup sells Phibro to Occidental Petroleum. Hall remains with the company as head of its commodities trading business.

2012: 

  • Hall leaves Occidental Petroleum to start his own hedge fund, Astenbeck Capital Management.

2016: 

  • Hall’s hedge fund loses 40% of its value due to a decline in oil prices.

2019: 

  • Hall closes his hedge fund after it loses another 20% of its value.

2020:

  • Hall’s environmental initiatives gain attention as he pledges to donate $100 million to help fund clean energy projects and address climate change.

2021:

  • Hall’s philanthropic efforts continue, and he is recognized for his contributions to renewable energy and sustainable development.

Interesting facts:

  • Hall is known for his aggressive trading style and his ability to make big bets on oil prices.
  • He is also a keen art collector and has amassed a collection of over 5,000 works by hundreds of artists.
  • In 2019, the Financial Times described him as the most successful oil trader of his generation
  • He is a controversial figure, and his high pay has been criticized by some.

Hall is a controversial figure, but there is no doubt that he is one of the most successful oil traders of his generation. He is a master of risk management and has a keen eye for market trends. He is also a brilliant strategist and is able to make big bets that pay off handsomely.

Despite his success, Hall’s career has not been without its setbacks. He was forced to leave Phibro in 2009 after a dispute with the company’s management, and his hedge fund lost heavily in 2016 and 2019. However, he remains one of the most respected traders in the world.

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