Tag:

Ospraie

Latest Headlines

Latest Headlines

Inside a hedge fund disaster

What to make of Ospraie's Dwight Anderson? He built a $9 billion commodities hedge fund that stumbled badly this summer. Anderson seemed to have done everything right. Fortune notes his passion for understanding business, even working on factory floors. He was equally passionate about due dili

Another blow to Lehman: Ospraie to shutter hedge fund

Ospraie Management, a hedge fund firm part owned by Lehman Brothers, suffered a 27 percent loss for August. For the year, it's down 39 percent, according to the Financial Times . That has prompted the fund to inform investors that it will shut down and return funds. The fund has suspended redem

PE investors worry about Lehman's stake in hedge funds

Lehman Brothers was bullish on hedge funds not too long ago. It amassed minority stakes in several big-name fund firms, notably DE Shaw, GLG and Ospraie, notes the Financial Times . Recall Lehman took a $100 million second-quarter writedown due to its stake in GLG, which trades publicly and has