Phibro Chief Founds Hedge Fund

Feb 16 2010 | 3:53am ET

Former Citigroup star energy trader Andrew Hall and his new partners are going into the hedge fund business.

Hall and Occidental Petroleum, which bought the lucrative Phibro oil-and-gas trading unit last year, have set up Astenbeck Capital Management. The new firm will manage outside money—it already boasts $1.4 billion in assets under management—while Phibro will manage Occidental’s money exclusively.


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