Ospraie Bounces Back, Attracts $500 Million

Mar 26 2010 | 1:30pm ET

Commodity hedge fund firm Ospraie Management has picked up where it left off 18 months ago, when it shuttered its flagship after losing 39%.

The New York-based firm unveiled two new hedge funds over the summer, quickly collecting $100 million despite their predecessor’s troubles. Their faith in Ospraie founder Dwight Anderson has been rewarded: The new Ospraie Commodity Fund returned 12.4% in its first six months, and is up 1.9% this year, Reuters reports. Its companion Equity Fund returned 14.6% last year and is up 0.8% in January and February.

And Anderson has been amply rewarded himself. Investors have poured another $500 million into the funds. While a far cry from Ospraie’s peak of $9 billion, much of the money for the new funds has come from former investors, according to Reuters.

The new Ospraie funds are outperforming their peers in the early going. The HFRX Commodity Index lost 3% last year and is down 2.2% this year.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.