Commodities turmoil drops Andy Hall’s Astenbeck 6.41% in May
By Lawrence Delevingne
Mon Jun 6, 2011
The firm remains up for the year and predicts continued volatility.
Andy Hall's Westport, Conn. Astenbeck Capital Management was
one of many commodity hedge funds hurt in May by swings in oil,
precious metals and grains.
According to an investor, multibillion-dollar Astenbeck lost
6.41% in May, bringing its return for the year to a
"May 2011 will be remembered as one of the more challenging
months for commodities," wrote Hall in June 1 letter to
investors obtained by AR. "Most...
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