The fund had nearly $4 billion in assets. The losses resulted from bad bets in copper and natural gas, causing the fund to lose 38% since the beginning of the year.
Showing posts with label Ospraie. Show all posts
Showing posts with label Ospraie. Show all posts
Wednesday, September 3, 2008
Lehman Commodity Fund Closing
Ospraie Fund, a big commodities fund partly owned by Lehman Brothers Holdings, is closing down and will return money to investors after incurring big losses this year.
The fund had nearly $4 billion in assets. The losses resulted from bad bets in copper and natural gas, causing the fund to lose 38% since the beginning of the year.
The fund had nearly $4 billion in assets. The losses resulted from bad bets in copper and natural gas, causing the fund to lose 38% since the beginning of the year.
Wednesday, August 6, 2008
Hedge Funds Buying Grain Storage Infrastructure
Sounds like some have betting on food inflation is going on.
An offshoot of the hedge fund Whitebox Advisors LLC purchased AGP’s Duluth grain terminal at the beginning of this month, completing its second local elevator acquisition this year.
In April, ConAgra announced plans to sell the Peavey Co. Elevator to hedge fund operator Ospraie Management LLC.
Whitebox has been actively acquiring grain storage infrastructure for more than a year now, initially purchasing a grain elevator in Minneapolis, MN and another in Shakopee, MN. In June, the company paid $2 million for the Lake and Rail Elevator on the Buffalo River in New York.
An offshoot of the hedge fund Whitebox Advisors LLC purchased AGP’s Duluth grain terminal at the beginning of this month, completing its second local elevator acquisition this year.
In April, ConAgra announced plans to sell the Peavey Co. Elevator to hedge fund operator Ospraie Management LLC.
Whitebox has been actively acquiring grain storage infrastructure for more than a year now, initially purchasing a grain elevator in Minneapolis, MN and another in Shakopee, MN. In June, the company paid $2 million for the Lake and Rail Elevator on the Buffalo River in New York.
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