(NY Times-Dealbook/Reuters) The hedge fund manager Ospraie Management will close its flagship fund after it fell 27 percent in August on losses in energy, mining and natural resources equity holdings, in one of the biggest ever closures of a commodities-focused hedge fund.
The closure of the fund, announced Tuesday by the firm’s founder, Dwight Anderson, in a letter to investors, could be more bad news for Lehman Brothers Holdings, which took a 20 percent stake in the hedge fund manager in 2005.
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