Hedge Funds

Ospraie launching more-liquid variation on its term


Former Tudor Investment and Tiger Management commodities trader Dwight Anderson is launching a new fund that will trade just the most liquid commodities and basic industry stocks that he now runs through his highly successful flagship Ospraie Fund.

The new venture for Ospraie Management is apparently a response to interest from investors in the firm's existing fund, which is now closed to further capital. Ospraie's move is also reminiscent of Steve Mandel's decision two years ago to increase capacity by launching Lone Kauri, which invests in just the most liquid assets in Mandel's flagship Lone Pine.

Ospraie's new