Wednesday, September 3, 2008

Big commodities hedge fund shuts down - Daily Briefing

Big commodities hedge fund shuts down - Daily Briefing: "Tumbling commodities prices have claimed a big victim. Ospraie Management is shuttering its biggest hedge fund after a 27% plunge last month, The Wall Street Journal reports, following a series of wrong-way bets on oil and natural gas, among others. The fund, run by Julian Robertson disciple Dwight Anderson has been selling off its holdings

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