Ospraie hires risk expert from Citi


Dwight Anderson's Ospraie Management has hired risk guru Sam Won from Citigroup Alternative Investments to ramp up its risk management group. Won replaces Tristan Kim, Ospraie's former in-house risk manager, who left the New York firm in June.

The hire spearheads Ospraie's effort to put in place a large risk management team as the firm builds its hedge fund and private equity businesses. Won's arrival comes several months after Ospraie decided to shut down its concentrated $250 million Ospraie Point fund, which lost 29% in this year's first five months on misplaced commodities bets, particularly copper. At that