BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[If Andrew Hall made Citigroup money, why shouldn't they pay him?]]>http://www.bloggingstocks.com/2009/07/27/if-andrew-hall-made-citigroup-money-why-shouldnt-they-pay-him/http://www.bloggingstocks.com/2009/07/27/if-andrew-hall-made-citigroup-money-why-shouldnt-they-pay-him/http://www.bloggingstocks.com/2009/07/27/if-andrew-hall-made-citigroup-money-why-shouldnt-they-pay-him/#commentsFiled under: ,

The Wall Street Journal reports (subscription required) that "A top Citigroup Inc. (NYSE: C) trader is pressing the financial giant to honor a 2009 pay package that could total $100 million, setting the stage for a potential showdown between Citi and the government's new pay czar."

The trader involved is Andrew J. Hall, who heads Phibro LLC, a Citi-owned energy trading division. But here's the kicker: His compensation is determined by the profitability of his unit so if he is to receive a $100 million payout, it will be because he generated far more than that in profits for Citigroup.

Continue reading If Andrew Hall made Citigroup money, why shouldn't they pay him?

If Andrew Hall made Citigroup money, why shouldn't they pay him? originally appeared on BloggingStocks on Mon, 27 Jul 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Andrew HallAndrewHallCCitigroupExecutive CompensationExecutiveCompensationinthenewsPhibroMon, 27 Jul 2009 16:30:00 EST<![CDATA[Andrew Hall, Citigroup's quarter-billion-dollar oil trader]]>http://www.bloggingstocks.com/2008/02/28/andrew-hall-citigroups-quarter-billion-dollar-oil-trader/http://www.bloggingstocks.com/2008/02/28/andrew-hall-citigroups-quarter-billion-dollar-oil-trader/http://www.bloggingstocks.com/2008/02/28/andrew-hall-citigroups-quarter-billion-dollar-oil-trader/#commentsFiled under: , , ,

The Wall Street Journal [subscription required] presents a fascinating study of Andrew J. Hall, a Citigroup Inc. (NYSE: C) trader who made $250 million in 2007 due to a successful bet beginning in 2003 that anticipated a change in the way the world valued oil. And his money and attitude have put him in some street fights with his Connecticut neighbors over his $100 million art collection.

What was Hall's trading insight? In 2003 he concluded that long-term and short-term energy prices would soon abandon their historical relationship with one another. For more than a decade, oil had ranged from $10 to $30 a barrel. But he concluded that demand growth -- driven by China and India -- would outstrip supply.

He bet on this trend by investing in the extremely long-term market in which traders buy and sell oil to be delivered years in the future. Back in 2003, oil for future delivery was as much as 20% cheaper than oil in the current -- or "spot" -- market. Hall told traders to bet that this relationship would reverse itself. He bet on this by buying all the oil futures he could for delivery three to five years out along with "call" options that gave him the right, but not the obligation, to buy oil at lower prices in the future. .

Continue reading Andrew Hall, Citigroup's quarter-billion-dollar oil trader

Andrew Hall, Citigroup's quarter-billion-dollar oil trader originally appeared on BloggingStocks on Thu, 28 Feb 2008 11:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Andrew HallAndrewHallCCitigroupinthenewsoil tradingOilTradingPhibroThu, 28 Feb 2008 11:58:00 EST