Astenbeck Capital Management is a Connecticut based hedge fund specializing in energy and commodities. Astenbeck Capital was co-founded in February 2010 by the CEO of Phibro LLC, Andrew Hall and Occidental Petroleum Corporation with the goal of managing hedge funds on behalf of Phibro’s investors. Today 80% of Astenbeck Capital is owned by Andrew Hall, while the remaining 20% is owned by Occidental Petroleum.|
Andrew Hall was working at Citigroup as an oil trader in 2009 and his $100 million pay package sparked a controversy that year. Astenbeck Capital had around $3.5 billion in AUM and lost 8.3% in 2013.