Ospraie Finds Buyers For Illiquid Assets

Aug 18 2010 | 2:40pm ET

Ospraie Management’s new hedge funds are already up, running and building up an impressive track record. But the commodity hedge fund’s former flagship—whose liquidation it announced two years ago—are still a going concern.

But not for much longer. The wind-down of the fund is set to be completed soon, now that Ospraie has lined up buyers for its remaining illiquid assets.

Those buyers have bid for the assets at 70% of the June 30 net asset value, HFMWeek reports. The figure was revealed in an investor letter from Credit Suisse, which is handling the asset sale.

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