About Andy Krieger

Andrew (Andy) Krieger is a renowned trader and investor, widely recognized as one of the top traders of all time. He has successfully managed client funds for over thirty years, and was elected to the Trader Hall of Fame in 2005.

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40 years experience in the markets
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Elected to Trader Hall of Fame
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U.S. Congressional Service Award

Andy Krieger's story

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.

Career Milestones


Finished MBA at Wharton

Andy's career began while completing his MBA, trading with a subsidiary of JP Morgan, and at the CBOE.


Joined Salomon Brothers

Became Vice President, Foreign Exchange at the legendary Salomon brothers trading desk of the 80's.


Joined Banker's Trust

Became Head of Trading in Cross Markets and Foreign Exchange Options.


Set Wall St. Profit Record

Earned Banker's Trust $300 million and set a new record as the highest earning trader on Wall Street.


Joined Quantum Fund

Hired as a Senior Portfolio Manager and set to be George Soros's successor


Started Asset Management Firm

Set up his own asset management firm to manage client funds.


Advisory and consulting services

Set up a consultancy business advising corporate clients, private banks, Ultra HNWIs and central banks.


Author of The Money Bazaar

Andy's first book explaining the world of currency trading. Published by Random House


Collaborated with Ross Perot and Perot Investments

To design and oversee an algorithmic trading system.  They ran the program profitably for over a decade, managing both proprietary and client funds.


Began writing for Forbes Magazine

Was a regular long-term columnist for Forbes Magazine, giving views and analysis on the financial markets.


Co-Chairman of the Finance Committee the Microcredit Summit

Working with Muhammad Yunus, who was awarded the 2006 Nobel peace prize.


Inducted into the Trader Hall of Fame

"Trader Monthly welcomes forex's most foremost genius as the latest inductee into the Trader Hall of Fame."


Received U.S. Congressional Service Award

Given for exemplary service to his community.


Received Friends of India Service Award

For fundraising and on-the-ground organizational work after the devastating tsunami.


Received Children's Hope Service Award

For the work he did in India, helping to ensure children's futures by restoring the economic engines of their villages.


Received City Arts Society (New York) Creativity Award

For the creative ways he solved on-the-ground, immediate problems in regions of India destroyed in the tsunami.

"Nobody knows better than Krieger what it takes to participate in the high-stakes, gut-wrenching world of foreign exchange."

Paul Tudor Jones
Founder, Tudor Investment Corp

"Krieger was a pioneer, in the sense he was one of the few people in the world who understood the options market before it was really established. He blazed a trail"

Sir John Key
Former Prime Minister of New Zealand

Krieger in the Media

Since the 1980s, Andy's achievements in the financial markets have been discussed in some of the biggest mainstream publications in the world.

"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."

Wall Street Journal, Mar 1988: Andrew Krieger Made $3 Million Last Year; Why Isn't He Happy?

"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"

New York Times, Jun 1988: Top Trader Quits to Start Own Firm

"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."

The Economist, Dec 2004: Why Didn't I Think Of That?

"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."

Philadelphia Magazine, Oct 1988: The Man Who Made Too Much

"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."

Trader Monthly, Oct 2005: Forex Folk Hero

"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."

The Times, Feb 2005: Trader Brings Life After the Flood