How Oil Trading ‘God’ Hall Made Money as Crude Fell
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How does a renowned oil trader who bets on rising prices make money when crude plunges 18 percent in a month? By betting on the U.S. dollar at the same time.
Andrew J. Hall, revered for anticipating major swings in the market, posted a 1 percent gain in his commodity hedge fund in November, according to people familiar with the matter. Hall, who is leaving his longtime post as chief executive officer of Phibro LLC, the century-old commodities trading house now owned by Occidental Petroleum Corp., sees oil falling further as he focuses on his private fund.