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Energy hedge funds look to spreads, margins as long bets flail

Reuters  |  NEW YORK 

By Julia SimonNEW YORK (Reuters) - For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year. A number of funds bet heavily on an oil rally early in the year, boosting ...

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First Published: Sun, August 13 2017. 17:33 IST