Reuters – Andrew Hall’s ability to beat competitors with a 12 percent return on his flagship hedge fund and raise over $1.5 billion last year is probably unsurprising from a trader accustomed to outsmarting rivals.
The surprise is that he did it by betting on things other than oil. The $1.7 billion Astenbeck Capital Management, run by Hall and part owned by Occidental Petroleum Corp, returned just over 12 percent last year, down from nearly 29 percent in 2009, performance numbers from the Westport, Connecticut-based firm show.
