Austenback Capital Management, a commodity based hedge fund was founded in 2008, by Andrew Hall, who also is the also chief executive of Phibro Trading, a century-old commodities trading firm. Hall was driven by his past success in the oil and gas commodities markets, during his time at Citigroup Inc. (NYSE:C), which was capped by a hefty bonus, as the oil prices rallied to highs of $147 per barrel, at the time, notes Reuters.The hedge fund, that invests largely in Oil related products, with approximately 4.7 billion worth of assets under management, was up 4% during the month of July.The fund rebounded from from one of its worst declines since 2008, the inception period, after it tanked in May to an all time low, due to the decline in the general oil prices....MORE
Friday, August 24, 2012
Phibro Superstar Andrew Hall’s Commodity Hedge Fund, Austenback Down 10% YTD
From Value Walk: