August 6, 2015 / 4:56 PM / 4 years ago

Andy Hall's hedge fund loses 17 pct in July oil market rout

Aug 6 (Reuters) - Oil trader Andy Hall’s hedge fund lost about 17 percent in July after failing to anticipate sliding crude prices as U.S. inventories piled up, a letter to its investors showed on Thursday.

The monthly loss was the second largest in the history of his Connecticut-based Astenbeck Capital Management firm, performance data accompanying the letter showed. The decline cut total assets under management at Astenbeck to about $2.8 billion, down about $500 million from June. (Reporting By Barani Krishnan; Editing by David Gregorio)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below