Fund launches & closures Hedge Funds

Ospraie to try again, with two new funds

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Less than a year after he shut down his flagship hedge fund, Ospraie Management’s Dwight Anderson is trying again. On July 1, Ospraie will launch two funds, the Ospraie Commodity Fund and the Ospraie Equity Fund.

Anderson realizes he has a lot to prove to investors, given the near-40% loss through August 2008 that led the once-$3.8 billion fund to shut down. In a letter to investors announcing the two new funds, Anderson said he would be investing “the substantial majority of my liquid net worth” in them. Former Ospraie investors who are still carrying losses will be