Ospraie, the commodity and basic stock fund run by Tiger Cub and Tudor alum Dwight Anderson, will soon place a so-called gate on potential investor redemptions.
Ospraie's gate is set at 25%, meaning that no more than 25% of the firm's assets can be redeemed at one time, and redemption requests made after that point would not be honored. The fund is also no longer issuing quarterly shares. Other examples of funds that employ gates include Citadel, Andor and Millennium Partners.
Ospraie, with about $1.4 billion in assets, is enjoying solid performance this year. It returned about 2% in