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Oil trader Hall’s fund makes a loss
Andrew Hall, the legendary trader who rode oil’s rise and fall to a super-charged profit record for more than a decade, is human after all. Roiled like so many of his rivals by last year’s unprecedented market volatility and distortions, Hall, 61, suffered a 3.8 per cent loss at his $5bn Astenbeck hedge fund in 2011, according to one investor in the fund. Astenbeck fell by more than 10 per cent during periods in both May, August and September, when commodity markets unexpectedly crashed, investors have said.