God Is Dead

The oil God, we mean! The other one never existed.
(Axel Hindemith)

(Axel Hindemith)

Andrew Hall may be best known for getting Vikram Pandit in a whole heap of trouble over his $100 million bonus, or for his German castle filled with priceless works of contemporary art. But he’s also an oil trader; that’s how he earned the $100 million and all of the other money he’s used to decorate Schloss Derneburg. Make that: was an oil trader: The oil hedge fund world has been left Hall-less.

If an oil trader so good that he was known as “God” can’t win in today’s markets, it’s hard to imagine who can.

Andy Hall is closing down his main hedge fund after big losses in the first half of the year, according to people with knowledge of the matter. His flagship Astenbeck Master Commodities Fund II lost almost 30 percent through June, a separate person with knowledge of the matter said, asking not to be identified because the details are private….

“I’m shocked,” said Danilo Onorino, a portfolio manager at Dogma Capital SA in Lugano, Switzerland. “This is the end of an era. He’s one of the top oil traders ever.”

The Oil Trader Known as ‘God’ Is Closing Down His Main Hedge Fund [Bloomberg]