| Crude oil trader Andrew John Hall made nearly $98 million in bonuses in 2008 but his oil fund lost 8.3% last year in a wrong-footed bet on price rises. He remains convinced on prices rises and believes prices will rise to as much as $150 a barrel in five years or less, according to a great Bloomberg profile that’s essential reading for oil traders.
Investing ever-larger sums of his own money, he’s buying contracts for so-called long-dated oil, to be delivered as far out as 2019, according to interviews with two dozen current and former employees and advisers who are familiar with Hall’s trading but aren’t authorized to speak on the record...............................................Full Article: Source
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