{"id":8394,"date":"2008-08-18T00:00:00","date_gmt":"2008-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ospraie-hedge-fund-loses-1bn-on-misplaced-commodities-bets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/ospraie-hedge-fund-loses-1bn-on-misplaced-commodities-bets.html","title":{"rendered":"Ospraie hedge fund loses $1bn on misplaced commodities bets"},"content":{"rendered":"<p>Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (&euro;678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in The Wall Street Journal.<\/p>\n<p>The fund, which is believed to have peaked near $3.8bn in assets late last year, has fallen more than 20% this year as of this week, continuing a downfall that amounted to a negative 13% return in July alone.<\/p>\n<p>Overall, Ospraie, in which <a class=\"keywordsearch\" href=\"http:\/\/www.wealth-bulletin.com\/archive\/keyword\/%22Lehman%20Brothers%22\">Lehman Brothers<\/a> controls a 20% stake, manages about $9bn in assets. Its investment strategy is focused on energy, financials, retail and health care.<a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.wealth-bulletin.com\/portfolio\/content\/2451552447\/\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.wealth-bulletin.com\/portfolio\/content\/2451552447\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (&euro;678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,546,218,331,2205,2204,147,96,129,735,2206],"class_list":["post-8394","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-bias","tag-citigroup","tag-downside","tag-initial-connection","tag-investment-products","tag-journalism","tag-lehman-brothers-holdings","tag-losses","tag-many-things","tag-social-services"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8394"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8394\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}