Reuters – Billionaire oil trader Andy Hall’s hedge fund has made money for the first time since February, aided by a rebound in oil prices he pinned on tightening sanctions on Iran and stalling production growth from Brazil to North Dakota.
Astenbeck, the 61-year-old’s Connecticut-based commodities fund, gained 4 percent in July, ending a string of monthly declines, according to data he shared with investors this week and obtained by Reuters.
