Oil trader Andy Hall, known for blaming trading losses on fake news, is shutting down his hedge fund after losing 30% on the year. Just like blaming fake news for trading problems is an oddity in the hedge fund industry, the fund’s large loss size relative to a less than 10% move in the price of oil over the same timeframe is another mystery.

Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Andy Hall closes oil
Touch oil market for Andy Hall. Source: Stockcharts

After long-bias trader blames fake news, how did the oil trader lose 30% in a market that only down 10%?

Hall, a former star Citigroup trader who earned Congressional scorn after the financial crisis when he pocketed $100 million as an oil trader, closed down his flagship Astenbeck Master Commodities Fund II


Please login to view the rest of this article - Not subscribed? Get our adfree exclusive content for only a few dollars a month.

It also helps us fund our operations so think of it as supporting quality journalism.