Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1 billion (678 million) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in The Wealth Bulletin.
The fund, which is believed to have peaked near $3.8 billion in assets late last year, has fallen more than 20% this year as of this week, continuing a downfall that amounted to a negative 13% return in July alone.
The full article is available at The Wealth Bulletin web-site.