Andy Krieger
Made $300 Million Shorting the New Zealand Dollar
Andy Krieger
Forex & Macro
Key Stats
Net Worth
$100+ Million
Origin
American
Lifespan
Born 1956 (70 years old)
Biography
Andy Krieger is famous for one of the most aggressive currency trades in history. In 1987, he shorted the New Zealand dollar with such size that his position exceeded New Zealand's entire money supply.
The Kiwi Trade
After the 1987 stock market crash, Krieger identified the New Zealand dollar as overvalued. Working at Bankers Trust, he took a massive short position using options—reportedly worth more than New Zealand's entire money supply.
Legendary Profits
The trade generated approximately $300 million in profits for Bankers Trust. Krieger's bonus of $3 million was considered inadequate given his contribution, leading him to leave the firm.
Trading Approach
Krieger is known for his aggressive use of leverage and options to express macro views. His willingness to take enormous positions when conviction is high sets him apart from more conservative traders.
Trading Philosophy
"When you see an opportunity, you have to be willing to bet big. The biggest mistake is not sizing up when you're right."
Famous Trades
New Zealand Dollar
Shorted the New Zealand dollar with a position larger than the country's entire money supply after the 1987 crash.
Massive Profit
+$300 Million
Legendary Quotes
"When you see an opportunity, you have to be willing to bet big."
"The currency markets are the most efficient way to express a macro view."