Andrew Hall: The Oil Market Has Bottomed

Andrew Hall of Astenbeck Capital doing a 180 on his crude prediction?

As 2016 draws to a close, Andrew Hall, the Chairman and CEO of Astenbeck Capital set out to reassure his investors within the pages of his October letter.

After a rocky two years in which Andrew Hall’s oil-focused hedge fund has swung between losses of as much as 35% and profits of nearly 30%, Hall, who has been known in the past to go by the name of ‘the Oil God’ believes that the oil market has finally rebalanced, and long-suffering bulls will finally be rewarded in the near-term. This view is also similar to what another famous oil hedge fund manager, Pierre Andurand, is saying (more...