Launches & Closures

Ospraie to shutter flagship, down 40% through August

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Dwight Anderson, considered one of the smartest commodities traders of his generation, is shutting down his flagship Ospraie Fund after losing about $1.4 billion – almost 40% for the year through August. It is the second fund Anderson has shut down since going out on his own with Ospraie in 2004.

In a September 2 letter to investors, Anderson said that most of the losses – 27.72% – came in August alone and were due to “a substantial sell-off in a number of our energy, mining and resource equity holdings during a six-week period characterized by some of the