Andy Krieger
Andy Krieger is popularly referred to as one of the most aggressive forex traders the world has seen. A legend among forex traders, he is respected in the trading circle for his famous trade that "broke the Kiwi", cementing his legacy in the trading world. His track record spans over 35 years in the trade and is best known for his 1987 Black Monday strategic move that broke the New Zealand Central Bank, where he made over $300 million in one day for his employer – Bankers Trust. Throughout his career, he has guided top-tier international banks and huge corporations with his market acumen and was elected to the Trader Hall of Fame in 2005. Today, Krieger’s goal is to train a group of apprentices on how to best take advantage of the highly lucrative currency markets.
Andy Krieger Professional Experience / Academic History
Professional Experience
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Head of Trading in Cross Markets and Foreign Exchange Options
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Vice President and Trader
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Trader
Academic History
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Master of Business Administration
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M.A., South Asian Regional Studies
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B.A., Philosophy
A LEGEND TRADER
Krieger has an iconic 40-year career at the top of the trading world.
He is considered as one of the top traders in history and known for his contrarian trading technique .
At Bankers Trust, 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.
In 2008, when the entire financial system was on the brink of collapsing, Andy still generated over 75% returns.
Krieger became a famous trader after the famous 1987 Black Monday.
Krieger focused on the New Zealand dollar which he believed was vulnerable to short selling as part of a worldwide panic in financial assets.
Using the relatively new techniques afforded by options, Krieger took up a short position against the kiwi worth hundreds of millions of dollars.
His actions saw the New Zealand Central Bank go into a tailspin. In the end, Krieger made over $300 million for Bankers Trust from that trade alone.
EARLY TRADING CAREER
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.
He had the full support of the Bankers Trust board and had a trading limit of $700 million, as opposed to a more normal $50 million limit.
IN 1988, he joined the Soros Fund Management owned by George Soros. He then founded Northbridge Capital Management Inc. and Krieger & Associates Ltd.
MEDIA & PUBLICATIONS
His achievements in the financial markets have been discussed in some of the biggest mainstream publications in the world.
He was a long-term columnist for Forbes Magazine, giving views and analysis on the financial markets.
His work has been featured in Forbes, The New York Times, The Economist, and The Times, among others.