Phibro LLC’s Andrew Hall launches Astenbeck Capital Management

February 19th, 2010
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CEO of Phibro LLC, Andrew Hall, has formed a new hedge fund group, Astenbeck Capital Management, to oversee outside funds. According to the Financial Times, Mr. Hall owns 80% of the new firm, while Occidental Petroleum Corporation owns 20% and also continues to supervise Phibro’s risk controls.

According to sources, Astenbeck Capital Management’s commodity fund was down 6% last month. The push to start the new hedge fund for outside money came from government pressure regarding a proposal to ban sponsorship of hedge funds and proprietary trading. Mr. Hall will continue to run Phibro in conjunction with Astenbeck Capital Management at Occidental (NYSE: OXY).
For Detailed Investor Profiles on these Investors, click below:
Phibro LLC
Astenbeck Capital Management
Related People: Andrew Hall; Andrew Hall
Related Entities: Astenbeck Holdings LLC; Citigroup*; Occidental Petroleum Corporation; Phibro Commodoties Fund*; Phibro LLC; Phibro Oil Fund*; Astenbeck Capital Management; Astenbeck Commodities Fund II LP; Citigroup*; Occidental Petroleum Corporation (NYSE: OXY); Phibro Commodities Fund; Phibro Oil Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings


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