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Phibro reaches out to hedge fund investors

MarketWatch – Phibro LLC, which became embroiled in controversy over star trader Andrew Hall’s compensation, is reaching out to hedge fund investors as Citigroup Inc. relinquishes its grip on the profitable energy-trading firm, two people familiar with the situation said Wednesday.

Phibro began offering its commodities-trading fund to hedge fund investors this month through Park Hill Group, the people said on condition of anonymity. The fund is run by a team led by Hall, they added.

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