Andrew (Andy) Krieger is a renowned trader and investor, widely recognized as one of the top traders of all time. In fact, he once set the record for being the highest earning currency trader on Wall Street. He's guided top-tier international banks and major corporations with his market acumen, and successfully managed client funds for over thirty years.
In Thoughts on the Market, Andy publishes a detailed weekly article explaining his macro view and analysis of specific markets. This includes potential areas of opportunity and ideas about the best way to structure trades to capitalise on them.
What's the price of ToTM and What Do I Get for It?
Thoughts on the Market subscribers get a weekly article (+ extras for the Premium tier). In each article, Andy provides his current views and analysis on the markets and economic events, including potential areas of opportunity.
Want to start accessing a Hall of Fame trader's analysis? Here's how to get it:
- Standard Membership - subscribe at the primary level for access to weekly articles, and participation in our comments section for further discussion (£597/year).
- Premium Membership - the premium level includes an invite to our quarterly live stream Q&A sessions with Andy, and access to exclusive videos of Andy discussing his views on the markets (£1197/year).
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Our first year of publication was available for free on Andy's website, so check out those issues to get a feel for what you'll be receiving.
What the Media Say About Andy
Wall Street Journal: "Just 31 years old, Andrew J. Krieger was Bankers Trust Co.'s most valuable employee in 1987. Trading currencies, he earned $300 million for the bank, and for his efforts he was paid $3 million in salary and bonus, mostly bonus. That's a stunning sum, and almost twice what the company's chairman got in his pay envelope last year. It was quite an achievement for a young man who just four years ago was studying Sanskrit in graduate school."
The Economist: "Remember the Big Swinging Dicks made famous by Michael Lewis in his novel, “Liar's Poker”? One BSD merits such a mention. In the 1980s Andy Krieger was a star at Bankers Trust... In his heyday there, Mr Krieger made hundreds of millions of trading profits... And here is a measure of just how big a BSD Mr Krieger was. During 1987 he sold short (hoping to buy back more cheaply in future) more kiwis than the entire money supply of New Zealand."
Philadelphia Magazine: "Within five years he had become the world's hottest currency trader, earning a stunning $300 million in 1987 for Bankers Trust Co. ... There are only a few people in the world whose resignation can grab a whole column on the front page of The Wall Street Journal. Nixon did it. Iacocca did it. And Paul Volcker did it. Andy Krieger did it too. That's because he was one of a handful of people who could throw markets into disarray by moving $1 billion worth of currency with the push of a few buttons on his car phone."
The Times: "Krieger, a tall, quietly spoken 48-year-old, is not another aid worker or journalist filing a report on the disaster. He is one of Wall Street's foremost currency traders, who was once groomed as a successor to George Soros.In 1986 he became global head of currency options trading at Bankers Trust, where he increased profits from $56 million to $512 million in a year.Krieger's dreams today revolve around rebuilding coastal India. After the tsunami struck he hired a cargo aircraft, loaded it with $3.6 million (£1.9 million) of medicine and tried to fly it to India."
Trader Monthly: "For taking groundbreaking risks in foreign-exchange trading – Krieger, in one of history's boldest trades, once single-handedly shorted the entire monetary reserves of New Zealand – and for having the cantaloupes to tell the Street's biggest players to go screw themselves, Trader Monthly welcomes forex's most foremost genius as the latest inductee into the Trader Hall of Fame."
New York Times: "Andrew J. Krieger, the successful young currency trader whose departure from the Bankers Trust Company in February set the Wall Street rumor mill buzzing, is quitting his second job this year. Mr. Krieger, who joined Soros Fund Management Inc. in April as senior portfolio manager, announced yesterday that he would form his own trading company"
About Andy Krieger
Before entering finance, Krieger received a B.A. in philosophy and a Masters in South Asian Regional studies from the University of Pennsylvania. He also completed coursework for a PhD in Oriental Studies, including the translation of an eighth-century Sanskrit text, but decided to pursue a career in finance instead. He later earned an M.B.A. from the Wharton School of Finance.
Krieger's career began at the famous Salomon Brothers trading floor of the 80s, before he moved on to run the global currency options business for Banker's Trust. It was here that he cemented his place in trading folklore by executing one of the most successful trades of all time, and setting a new record in 1987 as the world's highest-earning trader. He was later hired by Quantum Fund as George Soros's successor, but eventually decided to start his own asset management business.
Andy has always thrived in volatile market conditions, using a variety of limited-risk option strategies to earn excellent risk-adjusted returns across many markets. Although he focused a significant amount of his trading on the forex markets, he has traded successfully in over seventy different markets. By using long option strategies on a strategic basis, Andy was able to earn particularly high returns when markets became chaotic. On a few occasions he earned more than 100% in a year, including 2007, when he earned over 300% for his clients. In 2008, when the entire financial system was on the brink of collapsing, Andy still generated over 75% returns.
During his career, Andy also implemented a number of trend-following strategies, which he ran independently from his discretionary trading program. These trend-following portfolios earned consistent double-digit returns for over a decade, but ultimately Andy decided to embed the trend-following strategies into his discretionary portfolio as a diversifier.
Andy has served as a special advisor to many international banks and companies and advised several central banks on the management of their reserves. Krieger's book, The Money Bazaar, a history of the currency markets, was published in 1992.
Andy speaks many languages, including Bengali, Spanish, French, German, Hebrew, Sanskrit, and Arabic. He has earned the Friend of India award for his social service to the country after the Tsunami in 2004, and a Congressional award for his community service. For many years he served with Nobel Peace Prize winner Muhammed Yunus on the Microcredit Summit, where Krieger was Co-Chair and head of the Council of Banks and Commercial Finance Institutions.