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’Ospraie shows hedge fund confidence
US hedge fund Ospraie Management is launching two funds focusing on commodities and other liquid securities just eight months after it was forced to close its flagship fund amid huge losses on commodities trades.
Hedge funds prey on rivals
Hedge funds are embracing trading strategies designed to profit from the unwinding of large positions by their competitors, market participants say. The increasingly cannibalistic activity stems from the wave of redemptions hitting hedge funds.
Hedge funds face loss of investors
Hedge funds are braced for massive withdrawals by wealthy clients as the sector’s worst year prompts a flight to the safety of cash, according to investors and managers, reports the FT. Even hedge funds that have ridden out the crises are facing redemptions,
Simplify, Semper fi to the USD
Poor hedge funds. One minute you’re sitting on a bundle of cash and the next minute it’s gone – flown away like the Ospraie.
Since the announcement of Ospraie’s closure on Sept. 2, shares of commodities-related equities have continued a downward slide,
Korea military fund may back Lehman bid
South Korea’s Military Mutual Aid Association, a military pension fund, said Wednesday it might consider a joint investment in Lehman Brothers with state-run Korea Development Bank, reports the FT. But the fund said it has yet to receive a proposal from KDB,
What killed the Ospraie?
There’s not too much detail in the fund’s letter to shareholders, in which we’re told the commodities specialist’s 27 per cent slide in August was down to…
… a substantial sell-off in a number of our energy,
Ex-Amaranth trader bounces back
Brian Hunter, the trader who was blamed for the collapse of $9bn hedge fund Amaranth Advisors two years ago, has taken advantage of last month’s plunge in commodity prices to help propel the year-to-date return at the fund he now advises to 230%.