Andrew Hall is an English hedge fund manager who served as the head of

commodities trading A commodity market is a market that trades in the primary economic sector rather than manufactured products. The primary sector includes agricultural products, energy products, and metals. Soft commodities may be perishable and harvested, w ...

firm

Phibro Phibro is an international physical commodities trading firm. Phibro trades in crude oil, oil products, natural gas, precious and base metals, agricultural products, commodity-related equities, and other products. Phibro became the largest metal ...

and the head of his own

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

Astenbeck Capital.Commodities Star Absorbs Loss
''

Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'', June 25, 2010 In 2019, the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'' described him as the "most successful oil trader of his generation."

Early life and education

Hall was brought up in

Feltham Feltham () is a town in West London, England, from Charing Cross. Historically part of Middlesex, it became part of the London Borough of Hounslow in 1965. The parliamentary constituency of Feltham and Heston (UK Parliament constituency), Felt ...

and educated at Hampton Grammar School. He has an MA in chemistry from

Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...

and an MBA from

INSEAD INSEAD ( ; French: ''Institut européen d'administration des affaires'') is a non-profit business school with locations in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE) and North America (San Francisco, USA ...

Career

Upon graduation from Oxford in 1973, Hall joined BP where he worked in various posts, the last as Vice President of BP North America Trading in

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

. Hall left BP and joined Phibro Energy in 1982.Gregory Meyer (February 2, 2015)
Rise and fall of a commodities powerhouse
''

'' After Hall took charge of Phibro’s energy unit in 1991, the company shifted away from moving physical cargoes and into trading paper derivatives. Hall joined the Board of Directors of Salomon Inc., the parent company of Phibro in 1991. He later became CEO of Phibro in 1992. As the head of a then subsidiary of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

, Hall's compensation drew criticism about Wall Street pay in the aftermath of subprime-related bank bailouts. Citigroup sold Phibro to

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

based Occidental Capital for $370 million, in part due to the pay controversy. Hall earned about $100 million in 2008. Also in 2008, while still at Citigroup, he launched Astenbeck Capital Management, a hedge fund which raised more than $3.0 billion. In 2017, Hall announced the closing of Astenbeck Capital Management's main fund.

Art collection

Andrew Hall and his wife Christine are art collectors. In 2007, he and his wife Christine Hall founded The Hall Art Foundation, whose mission is to make available postwar and contemporary art works from its own collection and that of the Hall family for the enjoyment and education of the public. The Hall Art Foundation operates two museum spaces in

Derneburg Holle is a village and a municipality in the Hildesheim (district), district of Hildesheim, in Lower Saxony, Germany. It is situated approximately 15 km southeast of Hildesheim, and 15 km west of Salzgitter. It was mentioned in Tom Clanc ...

, near Hannover, Germany and in Reading, Vermont. The Hall Art Foundation also has an exhibition partnership with the

Massachusetts Museum of Contemporary Art The Massachusetts Museum of Contemporary Art (MASS MoCA) is a museum in a converted Arnold Print Works factory building complex located in North Adams, Massachusetts. It is one of the largest centers for contemporary visual art and performing ...

, in

North Adams, Massachusetts North Adams is a city in Berkshire County, Massachusetts, United States. It is part of the Pittsfield, Massachusetts Metropolitan Statistical Area. Its population was 12,961 as of the 2020 census. Best known as the home of the largest contempor ...

and collaborates with other public institutions around the world to organise exhibitions and facilitate loans from its own collection and that of the Halls.

References

External links

"Citigroup’s Andrew Hall Has Castle, Demands Bonus,"
''

'', April 29, 2009
"How Citi's Andrew Hall Made $100 Million Last Year,"
''

Time Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...

'', October 19, 2009 {{DEFAULTSORT:Hall, Andrew Living people Alumni of the University of Oxford British hedge fund managers British stock traders People from Feltham British art collectors Philanthropists from Connecticut 1951 births