The good news is that you’re up 16% this year even after January’s ominous little hiccup. The bad news is that the last time old Andy Hall put together four good months in a row, he ended up losing money for the first time in 14 years. Oh yea, and he was up 18% through April that year. So, you know, keep your celebrating to a minimum.
Oil trader Andy Hall’s hedge fund firm is up for a fourth straight month for its longest winning streak in three years and in a turnaround from 2013 losses, performance data it released to investors and seen by Reuters showed on Monday….
His Westport, Connecticut-based fund company, Astenbeck Capital Management LLC, is up nearly 16 percent through May, after a positive showing since February, the data showed. The firm, mostly invested in oil and managing $3.4 billion across three separate funds, finished down about 8 percent last year.
The rise through May was Astenbeck’s longest stretch of monthly gains since 2011. That year, it had a similar four-month increase before ending the year down for its first annual loss.